A string of tough quarters for Constellations Brands' sales to Hispanic consumers seems to be letting up somewhat. In the channel of beers sold and consumed on businesses' premises, the underperformance in zip codes with strong Hispanic populations appeared to moderate, the company says--though those trends were affected by overall weakness in consumer spending. Still, the company says, its affinity among Hispanic consumers is the strongest compared to other U.S. beer suppliers. Constellation Brands imports popular Mexican beers including Corona and Modelo. (elias.schisgall@wsj.com)
Dow Jones Newswires
Constellation Brands' Hispanic Consumer Weakness Is Moderating — Market Talk
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A string of tough quarters for Constellations Brands' sales to Hispanic consumers seems to be letting up somewhat. In the channel of beers sold and consumed on businesses' premises, the underperformance in zip codes with strong Hispanic populations appeared to moderate, the company says--though tho…