The company attributed the strong performance, ahead of analysts’ forecasts, to growth in imported beer and fine wine sales and a price increase for its Mexican brands. The company’s portfolio includes Ravenswood wines and the Peroni imported beer brand.
US: First quarter profits up at Constellation Brands
US drinks group, Constellation Brands Inc., has reported a strong rise in earnings for the first quarter. The New York-based company posted earnings of $37.4m for the quarter to the end of May, against $23.8m for the corresponding period a year earlier. Net sales increased by 9% to $649m.
June 27, 2002