Constellation Brands, which owns the Modelo and Corona beers in the U.S., lowered its full-year sales and profit outlook Tuesday, citing falling demand among Hispanic customers in particular.

Michelob Ultra had already been the top-selling draft beer at bars and restaurants across the U.S., according to Norrington, ...

Bud Light lost its top spot in the U.S. beer market last month, as the brand’s sales sag following a conservative uproar over its partnership with transgender social media influencer Dylan Mulvaney.

Michelob Ultra is now the best-selling beer in the US, overtaking Modelo Especial as its importer faces growing challenges.