Domestic volumes in the first quarter stood at 7.9m hls while export sales rose by 5%, the company said. Modelo’s strong export profile, notably with the sales of the Corona brand to the US, meant that the 9.5% weakening of the peso during the quarter benefited the company.
MEXICO: Modelo sales up 5% in second quarter
Mexican brewer, Grupo Modelo, reported sales of MXN9.60 billion in the second quarter, up 5.4% from the corresponding period last year. Volumes in the second quarter reached 11.1m hls, 5.6% ahead of the second quarter last year.