Hispanic shoppers are spending less on groceries, putting pressure on consumer companies

Hispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said during recent earnings calls. Coca-Cola, Constellation Brands and Colgate-Palmolive are among the companies that have reported a slowdown in North American sales from Hispanic shoppers. A fifth of the U.S. population identifies as Hispanic or Latino, according to the U.S. Census Bureau.