US Edition
Corona beer maker Constellation Brands misses quarterly estimates amid tariff woes
- For the fiscal first quarter ending May 31, Constellation Brands posted net earnings of $516.1 million, translating to $2.90 per share, which fell short of analysts’ forecasts.
- The weaker quarterly results followed mounting tariff pressures, including President Trump’s 25% levies on imported canned beer since early April and increased aluminum tariffs raising costs.
- CEO Bill Newlands attributed softer consumer demand to non-structural socioeconomic factors, noting Hispanic consumers, who represent about half of beer sales, pulled back amid immigration policy concerns.
- Sales declined by 5.8% to $2.52 billion, while the operating margin decreased by 1.5 percentage points, partly due to increased aluminum expenses. Adjusted earnings per share came in at $3.22, falling short of the $3.31 analysts had anticipated.
- Although the company’s stock has fallen over 20% this year amid various challenges, Constellation upheld its annual guidance, projecting adjusted earnings per share in the range of $12.60 to $12.90.
32 Articles
32 Articles
thedailyupside.com
BizTocConstellation Brands Serves Up Lukewarm Beer Sales
Americans aren’t cracking open enough cold ones for Constellation Brands. The Corona parent reported this week that its net sales slid 6% in the spring quarter as shoppers bypassed the alcohol aisle. In recent years, Constellation’s beer portfolio — which includes America’s No. 1 brew, Modelo Especial — has made up for plunging sales in its wine and spirits segment. But not this time: Beer sales, which account for 80% of Constellation’s revenue,…
New York Post
UpstractCorona, 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.
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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