US EditionCorona beer maker Constellation Brands misses quarterly estimates amid tariff woes
- Constellation Brands missed Wall Street's estimates for quarterly earnings and revenue due to lower demand and increased aluminum tariffs on its products.
- The company's stock value dropped more than 20% this year, as tariffs affected its beer demand.
- Constellation reported a fiscal first-quarter net income of $516.1 million, down from $877 million the previous year.
- CEO Bill Newlands stated that Constellation is still facing softer consumer demand.
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Corona, Modelo brewer takes double whammy as Trump tariffs squeeze margins — and ICE crackdown slams sales
The owner of Modelo, the top-selling beer brand in the US, reported dismal earnings and revenue as its margins took a beating from President Trump's tariffs on aluminum.
·New York, United States
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To read this article in english in The Latino Newsletter click here.Tomasa Pujol, owner of Golden Builder Construction, is preparing to install commercial signs in Lynn, Massachusetts, but is already facing challenges, especially because of the rise in the price of aluminum."Our supplier sent us a letter saying prices are going to rise," she told The Latino Newsletter.Sometimes they have to redesign projects to stay within the budget, but changi…
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Total News Sources22
Leaning Left10Leaning Right3Center6Last UpdatedBias Distribution53% Left
Bias Distribution
- 53% of the sources lean Left
53% Left
L 53%
C 32%
R 16%
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