Trump deportations hurt Modelo Constellation beer sales
By: | Published: 2025-07-07 17:33:00 | Source: www.cnbc.com
Bottles of Modelo beer are displayed on a shelf at a BevMo store on January 05, 2024 in San Rafael, California.
Justin Sullivan | Getty Images
Constellation Brands’ beer sales fell 2% in its latest quarter as President Donald Trump’s deportations and consumers’ broader economic fears weighed on demand.
In April, Constellation CEO Bill Newlands said that Hispanic consumers are spending less due to their concerns about Trump’s hard-line immigration policy and possible job losses in industries with high Latino employment bases. During Wednesday’s earnings conference call, Newlands acknowledged that raids by U.S. Immigration and Customs Enforcement were making it difficult to predict consumer behavior moving forward, although he demurred about tying the beer division’s slowdown to Hispanic…
