Tag Archive: Modelo
Retail Spirits Volumes Inch Upward, As Wine Slips
While the Federal Reserve cut interest rates last week for the first time in more than four years, the U.S. drinks market is still being impacted by high pricing and inventory levels. Continue reading →
Posted in News on September 25, 2024Constellation Sees Beer Business Drive First-Quarter Growth
Constellation Brands saw sales grow 6% to $2.7 billion in its fiscal first quarter ended in May, led by continuing strong gains for its Mexican beer portfolio, partially offset by a decline on the wine and spirits side. Continue reading →
Posted in News on July 3, 2024Impact’s “Hot Brand” Beers Show The Way Forward
More than 30 beer and flavored malt beverage (FMB) brands defied industry trends in 2023 and turned in impressive—even dramatic—volume gains, at a time when the overall category saw declining sales amid heightened competition. Continue reading →
Posted in News on July 2, 2024Constellation’s Sales Near $10B Despite Wine & Spirits Decline
Constellation Brands reported net sales up 5% on a comparable basis to $9.96 billion for its fiscal year 2024, ended in February. Continue reading →
Posted in News on April 11, 2024Constellation Downgrades Outlook For Wine & Spirits, Division President To Depart
In case you missed last night’s news alert, Constellation’s president for wine and spirits Robert Hanson will step down at the end of February, with company CEO Bill Newlands set to lead the unit on an interim basis until a permanent successor is found. Continue reading →
Posted in News on January 5, 2024Constellation Brands Up 6% In Q1, As Beer Drives Gains
Constellation Brands has posted sales up 6% to $2.5 billion for its fiscal first quarter ended in May, lifted by solid gains across its beer portfolio. Continue reading →
Posted in News on June 30, 2023
