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20.06.2019 01:45:00

Will Corona Keep Constellation Brands Growing?

Beer is very important to Constellation Brands (NYSE: STZ). Its Corona and Modelo families of Mexican beer helped the segment account for 64% of the company's total sales and almost all of its operating income.Mexican beer also happens to be crucial to the current growth of the craft beer industry. Imported beer accounted for 20% of craft production in 2018, and Mexican beer represented over 72% of all imports. Constellation told investors last quarter that its beer portfolio was the primary growth contributor to the U.S. beer market last year and all of its imported brands achieved record sales volumes.With Corona and Modelo an essential part of the future -- for the company and the industry -- let's look at the role they might play as Constellation prepares to report its first-quarter earnings at the end of the month.Continue reading
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