April 8 (Reuters) – Corona beer maker Constellation Brands posted a smaller-than-expected drop in fourth-quarter sales on Wednesday, helped by stable demand for its Mexican lager brands such as Pacifico and Victoria.
Lower prices and a sharper marketing strategy helped lift demand for the company’s key beers, including Modelo Especial and Corona Sunbrew, even as the broader U.S. alcohol market was muted due to macroeconomic uncertainty.
(Reporting by Sanskriti Shekhar and Savyata Mishra in Bengaluru; Editing by Shreya Biswas)
Comments