On January 05, 2024, the Bottles of Modlow Beer are displayed on a shelf at a bewamo store in San Rafael, California.
Justin Sullivan | Getty images
Constellation brand Beer sales fell 2% in its latest quarter as president Donald TrumpThere was a demand for deportation and comprehensive economic apprehensions of consumers.
In April, the CEO of the constellation Bill Newlands said that Hispanic consumers are spending less Due to his concerns about Trump Hard-line immigration policy And possible job loss in industries with high latino employment conditions. During Wednesday’s earnings conference call, Newlands admitted that it was difficult to predict consumer behavior by raiding by American immigration and customs enforcement, although they specifically asked to tie the beauty of beer division for Hispanic shopkeepers in this trimester.
“When you see the appropriate amounts of changes, both Hispanic and non-Hympanic consumers are concerned about inflation and cost structure,” Newlands told analysts.
Hispanic consumer consumer constellations are a main part of the customer base. Bruver, who owns Models, Corona and Pacifico, says about half of its beer sales comes from Latino in the US
Constellation Income and revenue Wall Street’s estimates for the quarter ended May 31 decreased, the demand for weak beer and Trump’s tariff hurt by high aluminum costs. Nevertheless, the company repeated its entire year’s approach, believing that it could achieve its financial goals despite economic uncertainty.
Nakshatra is not just packed food and beverage company Report weak demand From Hispanic consumers. last quarter, Coca Cola And Colgate Pamolive- There were also companies that tied the recession in American sales for a pullback by Hispanic shopkeepers.
