Constellation Brands outperformed expectations in its fiscal Q2 earnings, reporting adjusted earnings of $3.63 per share. However, the company faced challenges with a drop in net sales and reiterated lowered full-year guidance due to macroeconomic issues.
In a surprising twist, Michelob Ultra has overtaken Modelo Especial as the best-selling beer in the U.S., marking a significant turnaround for AB InBev amid economic challenges for Constellation Brands.
Starting Friday, the Trump administration will enforce a 25% tariff on all imported canned beer and aluminum cans. This move is expected to hit Constellation Brands hard, as it relies heavily on imports from Mexico. Learn more about the implications for your favorite brews!
Discover how Warren Buffett sold billions in Bank of America shares while making new investments in companies like Constellation Brands and Sirius XM. Find out about Berkshire Hathaway's financial moves and record cash reserves.
