Hispanic consumers are reducing their grocery spending, impacting companies such as Coca-Cola, Constellation Brands, and Colgate-Palmolive. A fifth of the U.S. population identifies as Hispanic or Latino, making them a significant demographic with growing purchasing power. However, concerns over immigration policies and economic challenges have led to a decline in spending. For instance, Constellation Brands reported weaker-than-expected outlooks due to diminished spending by Hispanic consumers. Similarly, Keurig Dr Pepper and Boston Beer have noted reduced purchases. This trend is not limited to beverages; it extends to other grocery items like cooking oils. Despite these challenges, some companies remain optimistic about their full-year outlooks. — new from CNBC
