Trump's deportations are hurting Constellation Brands' beer sales

Core Insights - Constellation Brands experienced a 2% decline in beer sales in the latest quarter, attributed to economic fears and the impact of immigration policies [1][4] - CEO Bill Newlands highlighted that Hispanic consumers are reducing spending due to concerns over immigration policies and potential job losses [2][3] - The company reported earnings and revenue that fell short of Wall Street estimates, affected by weaker beer demand and increased aluminum costs due to tariffs [4] Consumer Behavior - Hispanic consumers represent a significant portion of Constellation's customer base, accounting for approximately half of its beer sales in the U.S. [3] - The uncertainty surrounding consumer behavior is exacerbated by immigration enforcement actions, making it challenging for the company to predict future sales trends [2][3] Industry Context - Constellation Brands is not alone in facing weaker demand from Hispanic consumers, as other companies like Coca-Cola and Colgate-Palmolive have also reported similar trends [5] - Despite the challenges, Constellation Brands has maintained its full-year outlook, indicating confidence in achieving financial targets amid economic uncertainty [4]