Sun May Be Setting On Corona’s Growth as Mexican Export Expansion Slows — Panjiva
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Sun May Be Setting On Corona’s Growth as Mexican Export Expansion Slows

Consumer Staples 807 Earnings 759 Mexico 929

Brewer Constellation Brands reported an 8% growth in revenues in the quarter to February 28, including an 11% rise in beer exports including Corona and other Modelo beers. That was 1.3% points better than analysts’ expected. Beer exports from Mexico by Constellation’s local subsidiary climbed 19% on a year earlier in the three months to January 31. However, the new quarter may progress more slowly with shipments in the month of February (the first sales overseas in the new quarter) having only increased 1%. That’s well behind the 22% seen for all Mexican beer exports, including Heinek...

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