Constellation Brands says ‘socioeconomic headwinds’ are hurting beer sales, amid immigration crackdown

Earnings Results

‘We don’t expect a linear recovery among Hispanic consumers and see potential for choppiness in sentiment given ICE-related protests nationwide,’ RBC analyst says

Last Updated: July 1, 2025 at 8:15 p.m. ET
First Published: July 1, 2025 at 4:38 p.m. ET

Shares of Constellation Brands fell after hours on Tuesday after the beer and wine producer forecast better-than-expected profits but said “socioeconomic headwinds” had hit beer demand.

Executives at the company — whose brand portfolio includes Corona and Modelo in the U.S. as well as wines labels Kim Crawford and Robert Mondavi — offered that forecast after telling analysts earlier this year that Hispanic beer consumers have been dining out and socializing less amid worries about the economy and President Donald Trump’s aggressive immigration crackdown.

About the Author

Bill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.