Modelo Especial and Corona seller Constellation Brands Inc. said concern among Hispanic consumers over inflation, immigration and job security is weighing on demand for beer.

Modelo Especial owner Constellation Brands' beer sales are taking a hit as demand from Hispanic populations in key U.S.

Constellation Brands says its quarterly beer sales fell for the first time in more than a decade.

Constellation noted a sizable demand slump in its top sales states and zip codes with larger Hispanic populations.