All articles tagged with #constellation brands
Constellation Brands lowered its full-year sales and profit outlook due to declining demand for beer among U.S. consumers, especially Hispanic buyers, amid economic concerns and reduced social gatherings, leading to a projected 2-4% fall in beer sales for 2026 and a drop in stock value.
Constellation Brands has lowered its full-year outlook due to a challenging economy and declining demand from Hispanic consumers, particularly affecting its beer sales, leading to an 8% stock drop and revised financial forecasts.
Constellation Brands, parent of Modelo and Corona, faces a significant drop in beer sales, especially among Hispanic consumers, leading to a profit and sales warning and a stock price near a 5-year low, with revised earnings and sales outlooks for 2026.
Constellation Brands, owner of Corona and Modelo, reports a 2% decline in beer sales and a 28% drop in wine and spirits, citing economic concerns, inflation, and changing consumer attitudes towards alcohol as key factors. The company is adjusting pricing strategies to address these challenges amid broader shifts in American drinking habits and health awareness.
Constellation Brands' beer sales declined by 2% in the latest quarter, largely attributed to decreased spending by Hispanic consumers amid concerns over Trump's immigration policies and broader economic fears, impacting demand for brands like Modelo, Corona, and Pacifico.
Constellation Brands reports a decline in beer sales, especially among Hispanic consumers, due to the impact of President Trump's immigration policies and related socioeconomic concerns, leading to decreased social occasions and consumer confidence, which has affected their flagship beer Modelo Especial and overall business performance.
Constellation Brands anticipates a $20 million cost impact due to a 50% aluminum tariff imposed by the US, affecting margins and primarily impacting their beer packaging costs, with the company unable to fully offset these additional expenses amid softer demand and changing consumer habits.
Corona's parent company, Constellation Brands, reports a 2% decline in beer sales, primarily due to reduced spending by Hispanic customers who are staying home more often amid socioeconomic concerns and immigration policy fears, impacting sales in key markets.
Constellation Brands reported better-than-expected profits but cited socioeconomic headwinds, including economic concerns and immigration crackdowns, as factors hurting beer demand, especially among Hispanic consumers, leading to a slight after-hours stock decline.
Constellation Brands reported lower-than-expected earnings and sales for Q1, impacted by declining consumer interest in alcohol, especially among younger generations, and socioeconomic headwinds. Despite challenges in the wine and spirits segment and a drop in stock value, the company remains optimistic about its beer segment and is diversifying into nonalcoholic beverages. Wall Street sees the stock as oversold, with significant institutional investment, including Warren Buffett's Berkshire Hathaway.
Shares of Constellation Brands fell 4% after Donald Trump announced plans for a 25% tariff on Mexican imports, which could increase the cost of Modelo and Corona beers. Constellation, which imports all its beer from Mexico, may raise prices to offset the tariff's impact on its costs. The company is unlikely to move production out of Mexico due to an antitrust agreement. Trump's tariff plans also affected automaker stocks, though it's uncertain if these tariffs will be enacted.
CNBC's Jim Cramer believes that Constellation Brands' upcoming investor day on November 2nd could be a significant catalyst for the company's stock. This event follows activist hedge fund Elliott Management's disclosure of a stake in Constellation and an information sharing agreement. Cramer suggests that Elliott may push for changes such as divesting the underperforming spirits business or implementing a buyback program. Despite a 3% drop in the stock price following the company's strong earnings report, Cramer views it as a buying opportunity and expects more insights into the company's future prospects at the investor day.
Constellation Brands CEO Bill Newlands highlighted the success of the company's beer brands in the past quarter, with double-digit sales growth. He attributed the underperformance of its wine and spirits brands to the mainstream segment, stating that the company has been shifting its focus to higher-end products. While the mainstream brands continue to drag on the overall business, the higher-end wine and liquor brands are performing well and gaining market share.
Constellation Brands, the maker of Modelo beer, has experienced significant sales growth and market success following the backlash against Bud Light's marketing campaign featuring transgender influencer Dylan Mulvaney. Modelo Especial surpassed Bud Light as the top-selling beer on a dollar basis in June and continues to hold the number one position. Sales of Modelo helped Constellation's beer business achieve a 12% increase in net sales during the second quarter, with Modelo Especial growing by almost 9% and Modelo Chelada increasing by over 40%. As a result, Constellation Brands has raised its annual profit forecast and expects to earn up to $12.20 per share.
Constellation Brands, the owner of Modelo Especial and Corona Extra, reported strong earnings and revenue for its fiscal second quarter of 2024, surpassing analysts' expectations. The company experienced double-digit sales growth in its beer business, driven by the success of the Modelo brand family. However, sales of wine and spirits declined. Constellation Brands raised its earnings per share outlook for fiscal 2024 and expects growth and margin improvement in its wine and spirits division in the second half of the year.