Trump deportations hurt Modelo Constellation beer sales

Bottles of Modelo beer are displayed on a shelf at a BevMo store on January 05, 2024 in San Rafael, California. Justin Sullivan | Getty Images Constellation Brands’ beer sales fell 2% in its latest quarter as President Donald Trump‘s deportations and consumers’ broader economic fears weighed on demand. In April, Constellation CEO Bill Newlands…

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Constellation Brands (STZ) Q1 2026 earnings

Case of Modelo, a beer imported from Mexico, are seen for sale at a grocery store in Arlington, Virginia, February 3, 2025, following the announcement of tariffs by US President Donald Trump on important goods from Canada and Mexico. Saul Loeb | Afp | Getty Images Constellation Brands on Tuesday reported quarterly earnings and revenue…

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Why Jim Cramer has reservations about Home Depot buying GMS

Home Depot is going back to the acquisition well in its bid to capture more spending dollars from professional contractors. The news The home improvement retailer announced Monday that it is acquiring GMS, a building materials distributor that specializes in products such as drywall, steel studs and insulation . Under the agreement, Home Depot’s subsidiary…

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Home Depot SRS Distribution buys GMS

A Home Depot store in San Carlos, California, US, on Monday, Nov. 11, 2024. David Paul Morris | Bloomberg | Getty Images Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals. Shares of Home…

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How it beat KFC to become No. 3 chicken chain

With a simple menu and company-owned restaurants, Raising Cane’s has quietly surpassed KFC in annual U.S. sales, becoming the third-largest chicken chain in the country. The accomplishment follows a recent winning streak for the 28-year-old company, which has spent the last decade expanding outside its home bases in Louisiana and Texas. Its restaurant footprint has…

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