US EditionTrump’s immigration crackdown is hurting Modelo and Corona sales, CEO says
- Constellation Brands gave a weaker-than-expected fiscal 2026 outlook on Wednesday, impacting its forecast.
- Tariffs on aluminum cans from Mexico and concerns among Hispanic consumers caused the weaker outlook.
- Constellation's beer sales, particularly Modelo and Corona, are affected by a pullback in spending among Hispanic consumers.
- CEO Bill Newlands stated, "A number of them are concerned about job losses...beer is quite a ways down the list."
- Concerns over immigration and a 25% aluminum tariff impact sales, though outreach to non-Hispanic drinkers has boosted sales.
55 Articles
55 Articles
Popular beer company laments Trump’s America first agenda
President Donald Trump’s policies on tariffs and immigration have drawn the ire of Constellation Brands, a company best known for Mexican beer brands such as Modelo Especial and Corona."The fact is a lot of consumers in the Hispanic community are concerned right now, two-thirds of them are concerned about higher prices on things like food, gas and other essentials. Over half are concerned relative to immigration issues and how those impact," Con…
The American Dream Faints in the Streets of New York
Many garages in the Big Apple are not enough to house food trucks—the characteristic food trucks, a consubstantial image of the city—since the Donald Trump administration launched its offensive against irregular immigration in late January. 96% of the estimated 23,000 vendors in New York City have been born outside the United States, according to a recent poll, in which 57% of food vendors said they were undocumented (27%) or preferred not to an…
America's No. 1 beer has sliding sales due to immigration crackdown
Constellation Brands, the brewer of America's No. 1 beer, Modelo, says its sales were down in the first quarter of 2025. It believes the Trump administration's crackdown on illegal immigration is leading to fear, which is keeping customers away. Constellation says half of Modelo customers are Hispanic, and some are avoiding liquor stores because they have to show identification to buy beer. Another concern for Constellation is the impending cost…
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