US EditionModelo and Corona Seller Constellation Brands Says Hispanic Consumers in the US Are Buying Less Beer
- On Tuesday, Constellation Brands reduced its annual sales and earnings forecasts, attributing the adjustment to decreased beer consumption in the U.S., particularly among Hispanic customers.
- The revision follows economic pressures including inflation, job insecurity, immigration concerns, and rising tariffs that have reduced consumers' beer purchases and spending per trip.
- Constellation projects a 2% to 4% decline in net beer sales for fiscal 2026, a reversal from earlier expectations of flat or modest growth, while its adjusted earnings per share forecast has been lowered to a range of $11.30 to $11.60.
- CEO Bill Newlands reported a drop in demand for premium beers in recent months, highlighting that Hispanic consumers—who make up roughly half of the company’s beer sales—are exhibiting the most significant decrease in purchasing activity.
- The outlook downgrade triggered an up to 8% stock drop to its lowest level since April 2020, while Constellation cut free cash flow estimates by $200 million amid these challenges.
24 Articles
24 Articles
Brewing Trouble for Constellation Brands
Constellation Brands—the U.S. distributor behind top-selling beers such as Modelo and Corona—is revising its financial outlook downward as beer sales falter, particularly among Hispanic consumers. Faltering Beer Demand Hits Forecasts Hard In the company’s updated fiscal 2026 outlook, adjusted earnings per share are now projected to fall between $11.30 and $11.60, down considerably from the previous $12.60–$12.90 forecast. At the same time, organ…
Why Constellation Brands Stock Pulled Back Today @themotleyfool #stocks $STZ $BRK.A $BRK.B $BUD
Key PointsConstellation Brands slashed its full-year guidance at the halfway point of its fiscal year.The company is seeing challenges in the beer industry, noting lower consumption from Hispanics.The immigration crackdown seems to be adding to the company's problems.10 stocks we like better than Constellation Brands › Shares of Constellation Brands (NYSE: STZ), the diversified alcohol company best known for selling Corona and Modelo beer in the…
Beer sales have dropped off. Modelo and Corona parent’s stock dives to a 5-year low.
Shares of Constellation Brands, parent of Corona and Modelo beer, sank to a five-year low after a profit and sales warning. Article Attribution | Read More at Article Source The post Beer sales have dropped off. Modelo and Corona parent’s stock dives to a 5-year low. appeared first on RocketNews.
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