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The recall was announced in July |
Constellation Brands has said a glass bottle recall for its Corona Extra beer cost the company an estimated US$9m.
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.
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