Constellation Brands will announce its fourth-quarter and full-year results on Thursday (9 April). Here, just-drinks looks back at the wine, beer and spirits producer's activities in the final three months of its financial year:
- In December, it emerged the firm had chosen ad agency Ogilvy & Mather to work on its Corona Light and Modelo Especial beer brands in the US
- Later in the month, Constellation Brands completed its US$300m acquisition of Anheuser-Busch InBev's glass production plant in Mexico with new JV partner Owens-Illinois
- In January, the group announced it had recruited a former Beam Inc executive to take be its chief growth officer, a newly-created role
- The same day, two new variants of the Svedka vodka brand were unveiled
In Constellation's YTD:
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- Nine-month net profits slipped 65% to US$624.7m
- Net sales in the nine months to end of November jumped 31% to $4.7bn
- YTD operating profits fell 46% to $1.15bn
In Constellation's H1 results:
- Profits on a reported basis fell by 74.5% to US$402.5m
- Sales in the six months to end of August jumped by 46.7% to $3.13bn
- Operating profits slid by 55.8% to $770.9m
In the company's Q1:
- Net profits soared 290% to US$206.7m
- Sales in three months to the end of May doubled, up 126.6% to $1.53bn
- Operating profits rose by 456% to $392.2m
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