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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.
Despite macroeconomic pressures, Constellation Brands Inc (STZ) remains confident in its growth outlook, driven by strategic ...
Constellation Brands reported Q1 FY26 results with strong beer sales and a strategic wine portfolio shift, despite a 6% ...
The consensus rating for Constellation Brands is Buy, derived from 18 analyst ratings. An average one-year price target of ...
Constellation Brands (STZ), which makes Modelo and Corona beers, reported a first quarter earnings miss. The company ...
Analysts anticipate an EPS of $3.33 along with $2.56 billion in revenue, which is a significant decrease from $4.80 and $2.66 ...
Constellation Brands posted fiscal first-quarter results Tuesday that fell short of analysts’ expectations. The beverage giant's CEO pointed to weak consumer demand.
Constellation also sells wine and craft spirits, but its beer business is the real money maker, accounting for roughly 80% of ...
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