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Tag Archives: Constellation Brands

Constellation announces dividend

VICTOR (AP) — Constellation Brands said Thursday that its fiscal fourth-quarter net income jumped 37 percent as sales of its Mexican beer brands Corona Extra and Modelo Especial rose. Constellation also said it will pay its first dividend since it ...

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Constellation Brands 3Q results beat, ups outlook

VICTOR — Constellation Brands’ third-quarter net income surged 93 percent, continuing to benefit from the strength of Crown Imports. The wine, beer and liquor company’s adjusted earnings and revenue topped analysts’ estimates, and it boosted its full-year adjusted earnings forecast ...

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Constellation Brands’ 2Q profit beats Street

VICTOR — Constellation Brands’ second-quarter net income surged, bolstered by a large gain related to Crown Imports and a lower-than-expected tax rate. The wine, beer and liquor company’s adjusted earnings topped Wall Street’s view, and it lifted its full-year adjusted ...

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Constellation Brands profit drops, misses view

VICTOR — Constellation Brands’ net income dropped 27 percent in its fiscal first quarter, partly pressured by costs related to its acquisition of Grupo Modelo’s beer business. The wine, beer and liquor company also boosted its 2014 earnings forecast, citing ...

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Constellation Brands 4Q profit falls

VICTOR — Wine, beer and liquor company Constellation Brands Inc. said Wednesday that its net income fell 21 percent in its fiscal fourth quarter as it dealt with a write-off and an income tax provision. But its adjusted profit and ...

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Constellation sinks as US sues to block beer deal

NEW YORK — Shares of Constellation Brands sank Thursday after the U.S. Justice Department filed an antitrust lawsuit challenging Anheuser-Busch InBev’s proposed $20.1 billion purchase of Mexican brewer Grupo Modelo, which would unite the ownership of popular beers such as ...

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Constellation Brands announces acquisition

Canandaigua-based wine company Constellation Brands Inc. announced that it has completed the acquisition of the Mark West wine brand from Purple Wine Company LLC for approximately $160 million Tuesday. The transaction includes the Mark West trademark, certain grape supply contracts ...

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Moody’s raises Constellation Brands rating

NEW YORK — Moody’s Investors Service is raising Constellation Brands Inc.’s corporate family rating, due to improving profitability over the past few years and the streamlining of its business. The Victor, wine and spirits company has been pruning itself methodically ...

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