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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.
Modelo Especial overtook Bud Light as the best-selling beer in the United States - and it never looked back as the gap has ...
Constellation also sells wine and craft spirits, but its beer business is the real money maker, accounting for roughly 80% of ...
Constellation Brands posted fiscal first-quarter results Tuesday that fell short of analysts’ expectations. The beverage ...
Constellation Brands brews most of its beer in Mexico and sells it in the US. It has been compliant with the US-Mexico-Canada ...
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The total cost of a typical grocery trip for a cookout has increased at a 12.7% annualized rate since President Donald ...
As Beverage Industry reports, 0% beer is predicted to continue growing by double digits this year, so it comes as no surprise that Modelo—which overtook Bud Light as the U.S.’s leading beer in ...
Modelo Especial owner Constellation Brands' beer sales are taking a hit as demand from Hispanic populations in key states slows down amid Trump's crackdown on immigration, company executives said ...
Elsewhere in the markets, Centene shares tumble after the healthcare company says its earnings will fall short of expectations. Modelo brewer Constellation Brands expects President Trump’s new tariffs ...
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