Connect with us

Hi, what are you looking for?

Videos

CEO of Constellation Brands suggests Pacifico has potential to grow as large as Modelo

2023 has been a breakout year for Constellation Brands (STZ), the beer brand behind Corona and the recently-crowned top-selling U.S. beer Modelo. Constellation Brands President and CEO Bill Newlands joins Yahoo Finance Executive Editor Brian Sozzi to discuss the beer lines’ rapid rise in popularity — originally tied to consumer controversies — and sales growth. “We expected that we would take over as number one in a couple years, we just didn’t think it would happen quite as quickly as it did,” Newlands says. “We’ve got a very strong situation with the Hispanic consumer, and we get tailwind because of the growth of that consumer in the U.S. but it’s also much broadening its base as well — today, it’s 55% Hispanic, 45% non-Hispanic.” Newlands also comments on the growth outlook for Constellation’s other products, trends in the wine and spirits industry, and consumer trends reacting to economic headwinds. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Subscribe to Yahoo Finance:

About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit:

Connect with Yahoo Finance:
Get the latest news:
Find Yahoo Finance on Facebook:
Follow Yahoo Finance on Twitter:
Follow Yahoo Finance on Instagram:
Follow Yahoo Finance Premium on Twitter:

You May Also Like

Stocks

As gasoline and vitality prices improve world wide and particularly in the US, the pursuit for renewable vitality sources has change into much more...

Stocks

Kellogg, one of many largest suppliers of packaged meals in the US and the world, has maintained a usually consolidated management of all of...

Stocks

As fears of inflation are affecting your entire United States financial system, one sector that’s taking over the brunt of the injury is the...

Stocks

Again in April, Tesla and SpaceX CEO Elon Musk made main waves when he introduced his intent to buy the social media platform Twitter...