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Constellation Brands, importer of Modelo and Corona beers, projects $20 million hit from tariffs
Constellation’s leading brands include Modelo, Corona and Pacifico beer, all of which are brewed in and imported from Mexico. While alcohol imports remain exempt from tariffs, beer packaged in aluminum is subject to the added tax. President Donald Trump initially imposed a 25% tariff on steel and aluminum, then doubled that to 50% last month.
Modelo Especial overtook Bud Light as the best-selling beer in the United States - and it never looked back as the gap has ...
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ICE Deportation Fears Cause Drop In Modelo & Corona Beer SalesConstellation Brands, the company behind Modelo and Corona, says fear of immigration raids is cutting into its beer sales.
Interested in the story behind Modelo beer? It's no straightforward tale; ownership of the company is one mad whirlwind. Its roots lay in Tacuba, Mexico, where founders began experimenting with ...
It’s Modelo, the easy-drinking Mexican lager that has dominated sales since 2023. Modelo effectively outpaces all of craft beer two to one when it comes to grocery-store sales. Modelo. Last ...
In the same period, Modelo Especial increased 11%, and the brand was able to claim top-selling-beer status for the past two months. Bud Light is down 12% in year-to-date sales, while Modelo is ...
Constellation Brands, the maker of Modelo, warns that while new tariffs on imported beer cans will raise costs, it is President Trump’s immigration crackdown that is already driving down sales ...
Bud Light has been dethroned as America’s most popular beer, according to consumer data obtained by CBS News. That title was won in May by Modelo Especial, which has increased sales by $333 ...
Cans of Modelo Especial beer are shown at a supermarket in New York on Wednesday, June 14, 2023. After more than two decades as America’s best-selling beer, Bud Light slipped into second place.
Modelo, which is distributed in the US by New York-based Constellation Brands, had an 8.34% share of dollars spent on beer compared to 8.28% for Bud Light through Aug. 12, NIQ reported.
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