Trump's immigration policy and economic fears lead to 2% drop in Modelo beer sales

From CNBC: 2025-07-02 16:21:00

Constellation Brands’ beer sales dropped 2% due to Trump’s immigration policy and economic fears. CEO Bill Newlands noted that Hispanic consumers are spending less, impacting sales of Modelo and other beers. Weak demand and higher aluminum costs led to lower earnings, but the company maintained its full-year outlook despite economic uncertainty. Other companies like Coca-Cola and Colgate-Palmolive also reported weaker demand from Hispanic consumers.



Read more at CNBC: Trump deportations hurt Modelo Constellation beer sales