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Corona Beer-Maker Constellation Lifts Profit Outlook

Constellation Brands, a leading producer of beer, wine, and spirits, decided to raise its annual profit outlook on Thursday after exceeding its expected sales for the second quarter. The maker of Corona beer saw sales perform particularly well among its ranges of beer and...

Bud Light Maker to Layoff Workers After Beer Loses Market Top Spot

Beer maker Anheuser-Busch revealed on Wednesday that it will lay off some of its U.S. corporate staff. This comes after Bud Light lost its spot as America's top-selling beer in May; a position it held for over two decades. Now, the Mexican lager Modelo...

AB InBev Hit By Tumbling Bud Light Sales

Shares in drink and brewing company Anheuser-Busch InBev remain low as sales for its Bud Light beer continue to decline. AB InBev's shares declined by 4.71% during pretrading on Wednesday. Following widespread backlash against the advertising campaign with transgender influencer Dylan Mulvaney on April 1, Bud...

AB InBev Reports Rise in Profit for Q1

Anheuser-Busch InBev, the world's largest distillery, reported higher-than-expected first-quarter earnings on Thursday. The company revealed that revenues were driven upward as consumers continued purchasing beers despite a surge in prices. Currently the supplier of a quarter of all beers drunk globally, the Belgium-based distillery beer...

Constellation CEO Says Beer is “Recession Resistant”

The spiraling prices of goods and services, alongside the fear of recession, have caused Americans to be cautious about where they spend their money. However, they are not that cautious that they can’t have a beer or two. Speaking recently with Yahoo Finance Live, Constellation...