Create a free Industrial Equipment News account to continue

Constellation Brands Pours in Positive Financials

The beer, liquor and wine company posted strong Q3 results.

Pmb Family Line Up

(AP) Constellation Brands, Inc. reported fiscal third-quarter net income of $303.1 million. On a per-share basis, the Victor, New York-based company said it had profit of $1.56. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $2.37 per share. 

The wine, liquor and beer company posted revenue of $2.16 billion in the period, and expects full-year earnings in the range of $9.20 to $9.30 per share. The company's brands include Corona and Modelo beer, Ravenswood and Robert Mondavi wines, SVEDKA vodka and Paul Masson brandy.

The company recently made headlines when it invested $4 billion in Canopy Growth Corp., a Canadian cannabis processor.

More in Food & Beverage