Many economists say that the 25% tariffs President-elect Donald Trump has proposed on imported goods from Mexico and Canada, ...
As Roth MKM analyst Bill Kirk noted, the company — the parent of the Modelo, Corona, Pacifico and Victoria beer brands — ...
If implemented, Trump's proposed tariff would raise Constellation Brands' cost of goods sold by roughly 16%, according to a ...
Constellation imports brands like Modelo, Corona and Pacifico from Mexico where they are brewed by Grupo Modelo, which is a unit of Anheuser-Busch InBev SA BUD. Data from Statista lists Modelo as ...
Avocados and strawberries, and beers like Corona and Modelo could see significant price increases should Trump make good on his promise of imposing a 25% tariff on Mexican exports.
To companies like Rochester-based Constellation Brands, tariffs could represent an obstacle to continued growth.
As Roth MKM analyst Bill Kirk noted, the company — the parent of the Modelo, Corona, Pacifico and Victoria beer brands — imports approximately 100% of its beer from Mexico, representing about ...
AB InBev had to sell Modelo's U.S. business to Constellation. That agreement requires Constellation to produce those beer brands where AB InBev makes them, according to a research note from Roth ...