In April, Constellation said that large U.S. breweries and craft operators were bracing for rising aluminum costs following the Trump administration's decision to increase tariffs by 25% on all imported canned beer and all empty aluminum cans.
Constellation also saw a significant slowdown in beer consumption, particularly among Hispanic consumers, following Trump's crackdown on immigration. The company reported earnings of $3.22 per share in the first quarter of 2025, below estimates of $3.31.
Overall, the group missed the target revenue and profit, where net revenue was €2.14 billion in the quarter, compared to the €2.17 billion expected by analysts.
