Winemaker Constellation Brands is outlining its yearlong business strategy for analysts and institutional investors in New York City.
The maker of Robert Mondavi wine, Svedka vodka and Corona beer is holding its annual investor meeting in the Big Apple on Wednesday afternoon.
The Victor-based company has already forecast improved adjusted earnings of between $1.90 and $2 a share. It earned $1.91 a share in the fiscal year that ended in February.
In January, Constellation Brands lost its eight-year-long status as the world’s No. 1 winemaker when it sold the bulk of its Australian and British wine business for $230 million.
Wine still account for more than 90 percent of its sales. Its brands include Clos du Bois, Woodbridge by Robert Mondavi, Blackstone and Ravenswood.