Constellation is a global manufacturer and marketer of wine, spirits, and beer with a wide range of brands, including Clos du Bois, Ruffino, Robert Mondavi, Kim Crawford and SVEDKA vodka. The company also owns the rights to brew and market Modelo Mexican beers (including Corona) in the United States.

Stock markets remain volatile at midday on Friday, as ongoing uncertainty over tariffs continues to roil markets in the U.S. and internationally. China hiked U.S. tariffs to 125%, but said it will not go any higher and dismissed the U.S. trade policy as 'a joke.' Meanwhile, U.S. bank earnings are starting to roll in, but the actual results are considered by many to be arguable less important that any forward-looking commentary about the economy and the impact of tariffs. In his comments, Jamie Dimon, the CEO of JPMorgan Chase, said that the economy faces 'considerable turbulence.' Moving from Wall Street to Main Street, consumer-sentiment data was released today, with the University of Michigan consumer sentiment survey dropping to its lowest level since June of 2022. By the numbers, the reading came in at 50.8, compared to the 53.8 consensus expectation and the 57 reported last month.

Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating 82% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has little revenue exposure to international markets. Constellation owns a 26% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating 82% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has little revenue exposure to international markets. Constellation owns a 26% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.