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While Modelo remains the best-selling beer in the United States, Constellation Brands, which owns both Modelo and Corona, announced some troubling news regarding its customer base.
Both imported beer and aluminum are crucial to Constellation’s beer business, which accounts for roughly 80% of the company’s overall revenue.
Constellation Brands missed Wall Street’s estimates for quarterly earnings and revenue, as the Modelo owner saw lower demand and paid higher aluminum tariffs.
So, as the U.S. beer industry faces a retreat from health-conscious consumers and competition from alternatives, the analysts are now downgrading Molson Coors (TAP) to neutral from buy.
NBA Commissioner Adam Silver addresses why there are no NBA Finals logos on the court, last seen in 2014.
Welcome to our Modelo Especial beer review! In this video, we dive deep into the world of this popular Mexican lager. We'll explore its crisp, refreshing taste, discuss its aroma, and analyze its ...