Are you worried about how potential tariffs could impact your investments in companies like Constellation Brands? Well, don’t fret just yet. According to a recent interview with CNBC’s Jim Cramer, Constellation Brands CEO Bill Newlands remains optimistic about the company’s future, despite the looming threat of higher tariffs.
Newlands pointed out that during the Trump administration, Constellation Brands saw double-digit growth in its business, indicating resilience to political changes. Additionally, the company sources many of its inputs from the United States before manufacturing beer in Mexico, which could mitigate the impact of tariffs on American farmers.
Known for iconic beer brands like Modelo, Corona, and Pacifico, Constellation Brands caters to a wide consumer base. The company also has a stake in the wine and spirits market, with SVEDKA vodka being a popular choice among consumers.
To address concerns about maintaining authenticity, Newlands emphasized that Constellation Brands’ Mexican beers will continue to be produced in Mexico, ensuring the quality and taste that consumers love remain unchanged.
Despite facing a mixed quarter, Constellation Brands remains focused on improving its wine and spirits segment to drive growth. By reallocating marketing spend to key brands like The Prisoner, Kim Crawford, and Meiomi, the company is already starting to see positive results.
Furthermore, Newlands highlighted Constellation Brands’ positive relationship with Mexico’s government at both federal and local levels. Plans to open a new brewery in Veracruz demonstrate the company’s commitment to expanding its footprint in the region.
As an investor, staying informed about the latest market trends and company news is crucial. Join the CNBC Investing Club to follow Jim Cramer’s insights and make informed decisions for your portfolio. Remember, the CNBC Investing Club Charitable Trust also holds shares of Constellation Brands, making it a valuable resource for investors looking to stay ahead in the market.
For more information on investing strategies and market analysis, visit Extreme Investor Network for exclusive content and expert insights. Stay ahead of the curve with our unique perspectives on all things money and investments. Happy investing!