Constellation Brands to report FY figures

Constellation Brands to report FY figures

Constellation Brands will report its fourth-quarter and full-year results tomorrow (9 April).

Here, just-drinks takes a look at the highs and lows for the company in the three months to the end of February.

  • Also in December, the company was rocked by a lawsuit from joint venture partner Grupo Modelo. The Mexican brewer claimed that Constellation had failed to supply sufficient marketing funds for the 50-50 joint venture, which sells Modelo's Corona beer in the US, a claim Constellation has rebuffed.
  • Finally, today (8 April), Constellation confirmed that talks over a possible merger of its Australian and UK businesses with Australian Vintage had failed to come to a conclusion. The talks, which opened in November, were subsequently halted, with both companies saying that they were going back to business as usual.

To read Constellation's Q3 results, click here.