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  • YTD net profits climb 30% to $812m
  • Net sales in nine months to end of November increase by 9% by to $5.5bn
  • Operating profits up 18% to $1.4bn
  • Q3 net profits rise by 22% to US$271m
  • Sales in the quarter increase by 6% to $1.6bn
  • Operating profits jump by 19% to $447m

Constellation Brands has posted strong nine-month sales and profits as its beer portfolio continued to stoke performance.

Constellation Brands found strong growth from its beer brands

Constellation Brands found strong growth from its beer brands

Quarterly beer sales jumped by 8% as depletions surged by 16% driven by Corona Extra and Modelo Especial, Constellation said today. The company also confirmed its intention to construct a second brewery in Mexico to meet with growing demand for the Mexican beer brands it acquired in 2012.

Wine and spirits net sales on an organic constant currency basis increased 3%.

Overall, net profits for Constellation climbed by 30% to $812m in the nine months to the end of November. Net sales increased by 9% in the same period to $5.5bn while operating profits were up by 18% to $1.4bn.

For coverage of Constellation Brand's post-results conference call, click here

CEO Rob Sands said: "Strong consumer demand continues to propel the portfolio and reflects the benefits of marketing and brand building efforts, as well as distribution gains for key products. Excellent marketplace execution helped Constellation win the Labour Day holiday and the fall sports season."

Looking forward, the company raised its full-year EPS outlook to the $5.30 to $5.40 range, from the previous $5.00 to $5.20.

The performance follows six-month numbers, released in October, that showed a near-35% leap in net profits on a 7.5% increase in sales.


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