For the three months ended in May, the company posted $2.52 billion in organic net sales, down 4% from a year ago.

Constellation, which specializes in Mexican brews, has been coping with canned-beer tariffs that started in April.

Constellation’s leading brands include Modelo, Corona and Pacifico beer, all of which are brewed in and imported from Mexico. While alcohol imports remain exempt from tariffs, beer packaged in aluminum is subject to the added tax. President Donald Trump initially imposed a 25% tariff on steel and aluminum, then doubled that to 50% last month.