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Constellation Brands, importer of Modelo and Corona beers, eyes $20 million hit from tariffs
Constellation’s leading brands include Modelo, Corona and Pacifico beer, all of which are brewed in and imported from Mexico. While alcohol imports remain exempt from tariffs, beer packaged in aluminum is subject to the added tax. President Donald Trump initially imposed a 25% tariff on steel and aluminum, then doubled that to 50% last month.
For the three months ended in May, the company posted $2.52 billion in organic net sales, down 4% from a year ago.
Constellation Brands (STZ), which makes Modelo and Corona beers, reported a first quarter earnings miss. The company ...
The consensus rating for Constellation Brands is Buy, derived from 18 analyst ratings. An average one-year price target of ...
STZ is on track for its fourth-straight daily win, but is fresh off monthly and quarterly losses. The security is down 22.9% ...
Constellation also sells wine and craft spirits, but its beer business is the real money maker, accounting for roughly 80% of ...
Constellation Brands reported quarterly earnings of $3.22 per share, which missed the analyst consensus estimate of $3.31 per share. The company reported quarterly sales of $2.515 billion, which ...
We don’t expect a linear recovery among Hispanic consumers and see potential for choppiness in sentiment given ICE-related ...
Constellation Brands said its top sales states, with large Hispanic populations, saw subdued spending in the recent quarter.
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