Mexican Beers Ups and Downs

Modelo export volume decreased 7.7% compared to the same quarter of last year. "Volume in the U.S. was affected by economic factors as well as the price increase that took place in the first half of 2007," said Modelo. Crown revenue was down 8.4% in Q1, with volume down nearly 10%. The good news is that Q1 is a low volume quarter, so percentages are easier to turn around. The bad news is that -10% is a pretty tough hill