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| Name | How Modelo Dethroned Bud Light In The U.S. |
| Video Uploader | Video From CNBC |
| Upload Date | This Video Uploaded At 15-08-2023 16:00:50 |
| Video Discription | After 22 years, Modelo Especial has officially dethroned Bud Light as the bestselling beer brand in the U.S. And Constellation Brands, the distributor of Modelo Especial and Corona, is the biggest winner. In its latest earnings report, released June 30, the company reported a 6% increase in both net sales and net income. But nearly six months prior, the company's stock dropped by more than 9% after mixed results. While Constellation Brands has had a strong performance since, inflation continues to affect the beer industry. Hence, the increase in beer prices. Watch the video above to learn how Constellation Brands has capitalized on America's growing Hispanic population to bring Mexican beer to the top and keep investors bullish on its outlook. Chapters: 00:00 — Introduction 01:39 — Modelo dethrones Bud Light 06:55 — The beer wars 10:21 — Risks Produced, Shot and Edited by: Natalie Rice Animation: Christina Locopo, Jason Reginato Narrated by: Robert Ferris Senior Managing Producer: Tala Hadavi Additional Footage: Constellation Brands, NYSE, Getty Images, AP Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How Modelo Dethroned Bud Light In The U.S. wfisB72QPy0 |
| Category | News & Politics |
| Tags | CNBC | CNBC original | business | business news | finance | financial news | money | economy | stocks | Modelo | Bud Light | Mexican beer | Corona | Pacifico | Victoria | beer | Anheuser Busch | Dylan Mulvaney | Constellation Brands | Mexico | Mexican | settlement | beer sales | alcohol production | consumers | alcohol consumption | drinking | beer drinking | brewery | U.S. beer sales | U.S. economy | retail |
