Consumer
Constellation Brands Sales Top Estimates on Beer Demand
A driver picks up a package of Constellation Brands Inc. Modelo beer during a delivery in Ottawa, Illinois.
Photographer: Daniel Acker/BloombergConstellation Brands Inc., the owner of the Corona and Modelo Especial brands in the US, reported better-than-expected results for its fiscal second quarter, citing robust beer and wine sales.
Revenue of $2.48 billion surpassed the average of analyst estimates while adjusted earnings per share of $3.63 exceeded forecasts by 24 cents, according to figures released Monday.