This best-selling beer has officially displaced Modelo Especial.
Michelob Ultra Takes the Lead as Best-Selling Beer Michelob Ultra has officially claimed the title of the best-selling beer in the United States. The announcement came from its parent company, Anheuser-Busch InBev, citing data from Circana for the 52 weeks ending September 14th. Light and lager style beers have also topped sales in bars and […]
Importer of Corona and Modelo cuts forecast because of falling beer sales
Constellation Brands Adjusts Beer Sales Outlook Amid Consumer Trends Constellation Brands has lowered its forecast for the current fiscal year, as demand for beer sees a downturn. This change comes in light of a tough economic climate affecting high-end beer purchases. U.S. importing powerhouse Constellation, which oversees brands like Corona and Modelo, predicts a net […]
Modelo, Corona’s owner reports that Hispanic consumers in the US are purchasing less beer.
Constellation Brands Lowers Sales and Profit Forecast Constellation Brands, the company behind popular beers like Modelo and Corona, announced on Tuesday that it has reduced its sales and profit expectations for the year, largely due to a drop in demand among Hispanic consumers. According to Bill Newlands, president and CEO, high-end beer purchases in the […]
What’s going to get hit by Trump’s tariffs: Avocados, Modelo and iPhones
Mexico avocado. Canadian chelite tomato. Cheap clothes from Chinese scenes and sy. Gasoline with a pump. And even your favorite beer in the United States. Economists and market analysts have announced that President Trump announced 25 % of products from Mexico and Canada and 10 % of imports on imports from China, and Americans should […]
Modelo and Corona parent company says weak wine demand could impact earnings
See what's clicking on FoxBusiness.com. Constellation Brands is experiencing weak demand in its wine and spirits segments, which the alcohol producer recently said will hurt its second-quarter results. The company said Tuesday it expects to take a non-cash goodwill impairment charge of between $1.5 billion and $2.5 billion on its wine and spirits division in […]
Modelo parent still reaping benefits from Bud Light controversy
Barron's Market Associate Editor Ben Levithorne, Reporter Carlton English, and Associate Editor Jack Huff discuss the current state of the market on Barron's Roundtable. Constellation Brands' beer business follows parent company Anheuser-Busch InBev's controversial partnership with transgender activist Dylan Mulvaney last spring, when the company's Modelo Especial became Bud Light's top-selling beer in the U.S. […]