Constellation Brands’ Star Dims as Inflation Chokes Consumers’ Beer Budgets

Shareholders were expecting to pour one out for Constellation Brands ahead of its second-quarter earnings report on Monday. Instead, they may have found enough reason to raise a glass. That’s because the maker of Corona and Modelo managed to ever-so-slightly beat expectations amid a broader downturn in the alcohol market. Still, there are plenty of reasons to see the pint glass as half-empty. READ ALSO: Tesla Steers Toward Mass Market … Sort Of and Bummed Consumers Predict Shrinking Labor Market, Spiking ...