(Reuters) – Corona beer maker Constellation Brands Inc (STZ.N) said on Friday sales of its Corona Extra beer remained strong in the United States in the four weeks to Feb. 16, amid the rapid global spread of the coronavirus.

The Modelo Especial beer maker also said all units supporting its beer business are seeing positive sales trends for the brand thus far in 2020 despite claims about the impact of the coronavirus on its business.

There have been a few media reports inaccurately claiming sales of the beer were being impacted by the virus, a Constellation spokesman said.

“We’ve seen no impact to our people, facilities or operations and our business continues to perform very well,” Chief Executive Officer Bill Newlands said in a statement.

Newlands added the company does not have much exposure to international markets such as China that have been most impacted by the outbreak.

The epidemic has killed over 2,700 and infected at least 80,000 people, most of them in China.

Reporting by Praveen Paramasivam in Bengaluru; Editing by Shailesh Kuber

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Asian stocks slide deeper as pandemic fears grow

SINGAPORE (Reuters) – Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds. Rising fears of a pandemic, which U.S. health authorities…

Iranian oil tankers come to Venezuela’s rescue

The second oil tanker of an Iranian tanker flotilla carrying fuel for gasoline-starved Venezuela docked on Tuesday at a port serving state-run oil company Petroleos de Venezuela’s (PDVSA) second-largest refinery, Cardon, in western Venezuela. The tanker, part of the flotilla…

Huawei races to replace Google apps for next phone

BEIJING — If you can make smartphone apps, Chinese tech giant Huawei wants you. The No. 2 global smartphone brand is struggling to hold onto its market after Washington accused Huawei of being a security risk and blocked access to…

GM gradually restarts in Mexico as Lear Corp readies for return

MEXICO CITY (Reuters) – General Motors Co (GM.N) said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp (LEA.N) also geared up…