Alcohol is generally inelastic as prices rise; demand tends to remain the same. However, this doesn’t mean consumers can’t trade down or switch types of alcohol. Constellation Brands Inc. (NYSE: STZ) is one of the largest producers of beer, wine, and spirits in the world.
The consumer staples sector leader has many popular brands of alcoholic beverages in its portfolio, including top-selling Corona, Modelo, Pacifico beers, Robert Mondavi, Kim Crawford and Meloni wines, and High West and Casa Noble Tequila.
