P&G, Constellation Brands see solid U.S. demand, even as prices rise — a key reason we’re shareholders

Trucks with Constellation Brands Inc. Corona and Modelo beer sit during a delivery in the Zona Rosa neighborhood in Mexico City, Mexico.

Susana Gonzalez | Bloomberg | Getty Images

Club holdings Procter & Gamble (PG) and Constellation Brands (STZ) see resilient U.S. consumer demand despite persistent inflation, top executives at both companies said Thursday — highlighting our view that alcohol and staples like toothpaste don’t go out of fashion, even in uncertain economic times.