Round-Up - Constellation Brands' FY
Constellation Brands' share price spiked after it reported a return to the black in its fourth quarter, as well as higher profits for its fiscal year. Here, just-drinks brings you comprehensive coverage of the results.
Investors have got themselves all giddy over Constellation Brands' better-than-expected profits performance, leaving analysts to try and water down the optimism for the year ahead.
Constellation Brands has said it is confident of maintaining the improved momentum in its US wine business over the next year.
Constellation Brands has steadied the ship by sawing off chunks of dead wood, but what the group really needs is to maintain meaningful wine sales growth in North America.
Lower costs and charges have significantly boosted full-year profits for Constellation Brands, but sales were dragged down by the wine group's recently-sold Australia and Europe division.
- SABMiller in Cent'l & E Europe - What is for sale?
- A-B InBev and its SABMiller divestments - Focus
- Where does AB InBev see the future of beer?
- Brown-Forman's march on premium whisk(e)y -Comment
- Are consumers getting tired of consuming?
- Private equity poised for SABMiller Europe buy?
- AB InBev to sell SABMiller Cent'l, E Europe assets
- Leonardo DiCaprio joins Runa drinks board
- Remy Cointreau names new Travel Retail exec
- Pernod Ricard to widen Our/Vodka sales reach
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Carbonates in India
- Consumer and Market Insights: Spirits Market in the US