For the three months ended in May, the company posted $2.52 billion in organic net sales, down 4% from a year ago.

As for all businesses navigating tariffs, Constellation Brands’ highlights that the uncertainty makes it difficult to predict the impact. But it is currently estimating this tariff hit will be in the region of $20m.

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.