UK: Constellation Brands Inc. reported 7 % growth on strong sales of imported beers
Constellation Brands Inc., a leading international producer and marketer of beverage alcohol including beer, reported on June 30 net sales at $1.1 billion, up 18 % over prior year, and reported net income and EPS growth of 47 percent and 45 percent, respectively, for the first quarter ended May 31, 2005.
Excluding the acquisitions, the company reported top-line growth of 7 % on strong sales of imported beers such as Mexico's Modelo and China's Tsingtao. A favorable foreign exchange rate also contributed to the growth. In the first quarter ended May 31, 2005 Constellation’s net sales for imported beers were up 10%.
Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol brands with a broad portfolio across the wine, spirits and imported beer categories. Well-known brands in Constellation’s portfolio include: Corona Extra, Pacifico, St. Pauli Girl, Tsingtao, Black Velvet, Fleischmann’s, Mr. Boston, Paul Masson Grande Amber Brandy, Franciscan Oakville Estate, Robert Mondavi Private Selection, Robert Mondavi Napa, District and Reserve wines, Estancia, Simi, Ravenswood, Ruffino, Blackstone, Banrock Station, Hardys, Nobilo, Alice White, Woodbridge, Vendange, Almaden, Arbor Mist, Stowells and Blackthorn. For additional information about Constellation Brands, as well as its product portfolio, visit the company’s Web site at www.cbrands.com.
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