Constellation Brands, which owns the Corona beer brand in the US, releases its third-quarter results tomorrow

Constellation Brands, which owns the Corona beer brand in the US, releases its third-quarter results tomorrow

At the end of this week, Constellation Brands releases results for the third quarter of its fiscal-2018 as well as for the nine months to the end of November. Here's a look at the events that shaped the three months of Q3 for the group.

Constellation Brands Fiscal-2018 - Sales-to-date versus 2017

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20172018
Fourth Quarter1628null
Third Quarter1810.5null
Second Quarter2021.22084.5
First Quarter1871.81935.5

Source: Company results

Both of the quarters so far in fiscal-2018 have posted improving sales on their corresponding year-prior periods. The first quarter was up by 3.4%, with Q2 increasing by 3.1%.

To retain parity with fiscal-2017, Constellation will need sales in its third quarter this year to hit $1.68bn, which would represent a 7% sales decline.

Constellation Brands- Q3 Sales 2013-2017

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Q3 20171811
Q3 20161641
Q3 20151542
Q3 20141443
Q3 2013767

Source: just-drinks, Company Results

Indeed, a look back at previous Q3s suggests a negative performance this time around is unlikely. Since taking full control of Crown Imports in the US - and, thus, owning the full Gruppo Modelo portfolio in the country - in 2013, Constellation's third quarters have performed consistently well.

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