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Corona is a Mexican brand of beer produced by Grupo Modelo in Mexico and exported to markets around the world. Constellation Brands is the exclusive licensee and sole importer of Corona in the fifty states of the United States, Washington, D.C., and Guam.
Recent research from Ottenstein projects a $3.50 per share hit to Constellation's earnings in a 25% Mexico tariff situation, without any offsets such as price increases, cost cuts, and stock buybacks.
Constellation Brands, which imports Modelo and Corona beer as well as Casa Noble tequila from Mexico, could see its costs leap 16% under Trump’s proposed tariff and would likely have to raise ...
"Beer is also considered an agricultural product," she says, "so if the tariffs go into effect, you could see higher beer prices on popular brews like Corona."
The beer giant said revenues climbed 3.4% to $14.84 billion in the fourth quarter, driven by higher sales of premium products like Corona. ... on the stock with a price target of 66 euros ...
The main Corona brand is Corona Extra, a 4.5% alcohol by volume pale lager. [8] It is the top selling beer from Mexico and is one of the top five selling beers worldwide. [9] Available in over 150 countries, it is also Mexico's leading export brand. It was first brewed in 1925 by Cervecería Modelo on the tenth anniversary of the brewery.
The combined AB InBev/SAB Miller entity has approximately 400 beer brands as of January 2017. [2] [3] The original InBev global brands are Budweiser, Corona and Stella Artois. Its international brands are Beck's, Hoegaarden and Leffe. The rest are categorized as local brands. Many other brands were gained as a result of the merger with SABMiller.
Constellation Brands, which imports Modelo and Corona beer as well as Casa Noble tequila from Mexico, could see its costs leap 16% under Trump’s proposed tariff and would likely have to raise ...
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