News

Constellation Brands takes US$9m loss on glass bottle recall

Most popular

Should Campari Group be renamed Aperol Group?

just-drinks' M&A database - Oct 18

just-drinks speaks to A-B InBev CEO Carlos Brito

Campari Group's Aperol Q3 bonanza - Comment

MORE

Constellation Brands has said a glass bottle recall for its Corona Extra beer cost the company an estimated US$9m.

The recall was announced in July

The recall was announced in July

The company, which issued the recall in August after tests revealed defects that could lead to glass particles falling into the beer, announced the loss in first-half results yesterday. The affected bottles came from a third-party supplier to its Mexican brewery.

In Constellation's H1 results, which cover the six months to the end of August, beer sales rose while wine and spirits stayed level

In a rollercoaster day for Constellation's stock yesterday, it share price  fell by as much as 3% but rallied to finish 1% down at $84.40.


Related Content

Rising costs put heat on Constellation Brands - Q1 Results Analysis

Rising costs put heat on Constellation Brands - Q1 Results Analysis...

Constellation Brands to roll out carb-light Corona Premier across US

Constellation Brands to roll out carb-light Corona Premier across US...

Constellation Brands and the health of its beer business - Analysis

Constellation Brands and the health of its beer business - Analysis...

Will cannabis inflict more change at Constellation Brands? - Analysis

Will cannabis inflict more change at Constellation Brands? - Analysis...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?