Step aside Budweiser — Modelo and Corona are coming for your crown this summer.
“Our beer business is doing extraordinarily well,” Constellation Brands (STZ) CEO Bill Newlands told Yahoo Finance Live (video above). “We really think [Modelo] is about to become America’s favorite beer.”
Newlands has some data to support the proclamation.
Constellation’s beer sales — driven by Corona, Modelo, and Pacifico — rose 14% in the most recent quarter. That marked a quicker pace than the 11%…
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