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Mexican Beer Imports Fuel Sales at Constellation Brands

Wine Conglomerate Constellation Brands Buys Corona From  Anheuser-Busch InBev
Photographer: Scott Olson/Getty Images

Constellation Brands Inc., the seller of Robert Mondavi wine and Svedka vodka, raised its annual profit forecast as sales of beer brands like Corona Extra and Modelo Especial beat forecasts.

Earnings will be $6.30 to $6.45 a share, excluding some items, in the year through February, the Victor, New York-based company said Wednesday in a statement. That’s up from a projection of $6.05 to $6.35 in April and tops analysts’ average estimate of $6.29.