Drinks - Corona

Mexico Without Corona: Brewers Suspend Production During Pandemic

Mexicans fretted about beer supplies on Friday after Dutch brewer Heineken said it will suspend production at its seven plants in Mexico to comply with cor...

AB InBev Scraps 2020 Outlook As Coronavirus Crisis Expands

Anheuser-Busch InBev, the world's largest brewer, said on Tuesday it was scrapping its 2020 outlook as the scale of the coronavirus increased. The Belgi...

AB InBev Sees 10% Hit To First-Quarter Profit From Coronavirus

The world's largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales du...

Corona Maker Constellation Raises FY Profit Forecast After Upbeat Quarter

Constellation Brands Inc raised its full-year adjusted earnings forecast and beat Wall Street estimates for quarterly profit on Wednesday, driven by strong...

Corona And Modelo Drive Constellation's Sales, Shares Rise 8%

Constellation Brands Inc reported better-than-expected quarterly results and raised its full-year earnings forecast on Friday, boosted by strong demand for...

Brewer AB InBev Eyes Minority Listing Of Asian Business

Anheuser-Busch InBev, the world's largest brewer, confirmed reports on Tuesday that it was looking into listing a minority stake in its Asian operations in...

Budweiser-Maker Adds Citi And BAML To Banks Working On $5bn Asian IPO

The world's biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asi...

Brewer Constellation Tops Wall St Estimates For Sales

Constellation Brands Inc on Thursday reported quarterly sales well above analysts' estimates, as its popular beer brands Corona and Modelo performed well....