Constellation Brands Stock Sinks as Tariffs May Hit Mexican Beer Sales
Key Takeaways
- President Trump's announced tariffs on Mexican imports sent shares of Constellation Brands tumbling Monday morning.
- The alcoholic beverage giant has benefited from big demand for its Modelo and Corona beer brands, now subject to the import tariffs.
- Modelo Especial has been the top-selling beer in the U.S. since 2023, when it surpassed Anheuser-Busch InBev's Bud Light.
Among the companies feeling the impact of President Donald Trump's tariffs announced over the weekend is alcoholic beverage giant Constellation Brands (STZ).
Shares of the firm that imports Modelo and Corona beers from Mexico fell 4% Monday morning after the White House imposed a 25% tariff on imports from that country and Canada, and a 10% tariff on products from China.
The potential impact of the sanctions led Piper Sandler to downgrade the stock to "neutral" from "overweight," and slash the price target to $200 from $245, according to reports.
Mexican beer sales have been a big driver of Constellation Brands' recent results. Its Modelo Especial overtook Anheuser-Busch InBev's (BUD) Bud Light as the U.S.'s best-selling beer in 2023 following a boycott over the latter's relationship with transgender social media influencer Dylan Mulvaney.
Last month, Constellation Brands reported a 3% year-over-year rise in beer sales in its fiscal 2025 third-quarter results, but wine and spirits revenue slumped 14%. It also lowered its full-year outlook, warning that it sees more "normalized spending" by consumers in the future.
Constellation Brands shares sank to their lowest level in more than four years.
:max_bytes(150000):strip_icc()/STZ_2025-02-03_09-41-18-8cc68f4b53b14f00b48e6b877118575e.png)
TradingView
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。
熱議股票
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10