Jan 8 (Reuters) - Alcoholic beverage maker Constellation Brands Inc raised its full-year earnings forecast after reporting higher-than-expected quarterly sales and profit, helped by increased sales of its beer brands such as Corona and Modelo.
Jan 8 (Reuters) - Alcoholic beverage maker Constellation Brands Inc reported a 7 percent rise in quarterly revenue, helped by higher sales of its beer brands such as Corona and Modelo.
The Crown acquisition continued to bolster Constellation Brands ' results in the third quarter. Strong demand for beer drove the segment's quarterly revenue and operating income growth of
June IPO] but reiterates its negative view – fast growth in the wearable camera market is unsustainable. Constellation Brands [ STZ ; +65% since 6/7/13] is now overvalued as the excitement on the full acquisition of Mexican beer brands
s 2008 purchase of V&S (20.7 times), UB Group's deal for Whyte & Mackay (21.9 times) in 2007, and Constellation Brands ' 2007 acquisition of Svedka (30 times) being done at loftier multiples.
(Reuters) - Constellation Brands Inc , the world's biggest branded wine maker, raised its full-year earnings forecast as strong sales of Corona and Modelo Especial beers drove up revenue.
Following Constellation Brands ' stellar third quarter, we are increasing our fair value estimate ..... the supply contract with Anheuser-Busch InBev. Even though Constellation 's beer volume growth (depletions grew 10%) and beer operating
Constellation Brands reported fantastic results for its ..... assumptions and placing shares of Constellation Brands under review, with expectations of ..... United States, we believe that Constellation Brands ' performance should only improve
Constellation Brands is off to good start following the firm ..... increasing our fair value estimate for Constellation Brands from $54 to $58, and view the ..... economic moat rating for the company. Constellation ’s beer business performed quite
past Corona, has been willing to occasionally compete on price and not follow Budweiser’s lead. Now that Constellation Brands is highly leveraged after its acquisition of the Modelo brand rights in the U.S. there is a chance that pricing