Trump's immigration policies impacting Hispanic consumer base causing beer sales decline for Constellation Brands

From Yahoo Finance: 2025-07-02 13:36:00

Constellation Brands, owner of Modelo and Corona beers, reports a 3.3% drop in beer shipment volumes due to President Trump’s immigration crackdown impacting its Hispanic consumer base. Consumer sentiment deteriorated, and occasions for beer consumption decreased, affecting the company’s revenue and earnings in Q1 of 2026. Construction job growth also slowed, hindering beer sales further.

Hispanic consumers are staying home due to deportation fears, impacting beer consumption occasions. Constellation Brands expects organic net sales growth for beer to be 0%-3% while wine and spirits sales decline. Modelo Especial faces challenges despite being the top beer brand in the US. Beer shipment volumes fell 3.3% in Q1.



Read more at Yahoo Finance: Trump’s immigration crackdown is hurting sales of America’s most popular beer