0821 ET - Mexican beer maker Constellation Brands would be among the alcohol purveyors most impacted by Donald Trump's proposed tariffs on Mexican imports, Bernstein analysts say in a research note. The President said he plans to place a 25% tariff on imports from Canada and Mexico starting on Feb. 1. That would dent Constellation's group operating income by 33% if it doesn't raise prices, or about 23% if it raised prices by 5%, they say. Jose Cuervo maker Becle could see a 20% to 30% hit to profits based on its pricing actions, the analysts say. Jack Daniel's maker Brown-Forman would see modest 1% hit to group operating income from tariffs on Mexico, but a 10% hit if Europe responds with retaliatory tariffs, the analysts say. (dean.seal@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 08:21 ET (13:21 GMT)
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