US: Constellation maintains growth despite "challenging environment"
By Chris Brook-Carter | 11 April 2002
Constellation Brands, the US-based drinks company, yesterday reported full year earnings 21% up on last year, exceeding estimates, while fourth quarter results were 31% higher than the same period last year. Constellation president and CEO Richard Sands said: "Despite a challenging economic environment, our sales grew organically by 8.5% and 18% with acquisitions, our 21% earnings increase continued our record of double-digit growth and we generated approximately US$430m of
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Constellation Brands, the US-based drinks company, yesterday reported full year earnings 21% up on last year, exceeding estimates, while fourth quarter results were 31% higher than the same period last year. Constellation president and CEO Richard Sands said: "Despite a challenging economic environment, our sales grew organically by 8.5% and 18% with acquisitions, our 21% earnings increase continued our record of double-digit growth and we generated approximately US$430m of
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