Reported about 9 hours ago
Constellation Brands, known for its popular beer products like Corona and Modelo, is facing significant challenges due to the implementation of 25% tariffs on imports from Mexico and Canada by President Trump. With over 99% of Constellation's beer imports sourced from Mexico, the tariffs threaten to increase production costs and prices, potentially reducing demand. Analysts predict a possible earnings drop of $3.50 per share if no offsets are accounted for, and Constellation's stock has already faced a 21% decline this year.
Source: YAHOO