Maker of top-selling Modelo and Corona beers says sales are struggling over ICE deportation fears
Modelo and Corona sales drop amid Trump’s immigration crackdown
- Constellation Brands, maker of Modelo and Corona beers, reported a two percent drop in beer sales during the second fiscal quarter of 2025.
- The company attributes the sales decline primarily to fears among Hispanic consumers regarding Immigration and Customs Enforcement (ICE) Deportation activities.
- CEO Bill Newlands stated that Hispanic customers, who account for about half of the company's beer sales, are reducing social occasions where beer is consumed due to these fears.
- Additional factors contributing to Constellation Brands' lower-than-expected earnings include tariffs on aluminum imposed by the Donald Trump administration.
- Other companies, such as Coca-Cola, have also reported sales declines partly due to weakening consumer sentiment among Hispanic consumers, linked to the administration's immigration crackdown.