Modelo Especial owner Constellation Brands' beer sales are taking a hit as demand from Hispanic populations in Mexico and other key markets slows down amid Trump's crackdown on immigration, company executives said on Thursday.
Hispanic consumers are buying less beer because of concerns related to President Donald Trump's immigration policy, Constellation Brands CEO Bill Newlands said. Roughly half of Constellation's beer sales come from Hispanic consumers.
Constellation Brands is one of the world's largest companies in the alcoholic beverage industry, with brands like Corona or Modelo. Alcohol producers have seen their shares hit hard in recent months, with drawdowns not seen since the 2008 crisis. Constellation is no exception. Lower consumption of wine and spirits due to macro circumstances, Trump's tariffs, and lower alcohol consumption by you...
Corona and Modelo owner Constellation Brands Inc (NYSE:STZ) reported better-than-expected financial results for the fourth quarter but warned of tariff challenges ahead. The company posted earnings per share of $2.63, beating estimates of $2.27.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Constellation Brands To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Constellation Brands between April 11, 2024 and January 8, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247...
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