The clouds hanging over Constellation’s beer business

For months, the US government’s immigration policy has particularly affected a core constituency of Constellation Brands’ beer drinkers – Hispanic consumers – and it’s clear the Modelo and Pacifico brewer is feeling the impact. Newlands took to the stage at the Barclays Global Consumer Staples event...

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Bibliographic Details
Published injust - drinks global news
Main Author Best, Dean
Format Newsletter
LanguageEnglish
Published London GlobalData plc 08.09.2025
Subjects
Breweries
Consumer behavior
Consumers
Corporate profits
Earnings per share
Immigration
Socioeconomic factors
Velocity
United States > US
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Summary:For months, the US government’s immigration policy has particularly affected a core constituency of Constellation Brands’ beer drinkers – Hispanic consumers – and it’s clear the Modelo and Pacifico brewer is feeling the impact. Newlands took to the stage at the Barclays Global Consumer Staples event after Constellation Brands cut its earnings forecast and projected a fall in annual beer sales. [...]TD Cowen analyst Robert Moskow said Constellation Brands’ cut to its guidance reduction exceeded the bank’s expectations and “reinforced the cautious view” he has “about velocity declines in beer offsetting the benefits of expanding distribution”.