Beer Brands Boost Constellation Brands' Growth in First Quarter

Now watching

Next video starts in : 7 Play

Beer Brands Boost Constellation Brands' Growth in First Quarter

Beer Brands Boost Constellation Brands' Growth in First Quarter
Replay video
Up next

Community Episode 9: Grifting 101

Unlock your personal NFL Now stream by signing in to NFL.com

Beer Brands Boost Constellation Brands' Growth in First Quarter

by TheStreet.com Videos 1:07 mins

Beer Brands Boost Constellation Brands' Growth in First Quarter

by TheStreet.com Videos 1:07 mins

Constellation Brands shares are gaining Wednesday after the company reported revenue growth in the triple digits. The beer, wine and spirits company earned $1.07 a share, beating estimates by 14 cents. Sales grew 127% year over year to $1.53 billion dollars, $100 million over analysts' forecasts. Robust strength on its top line was driven by a 14% jump in sales in its beer segment. Shipment volume of brands such as Corona and Modelo increased 11%. In summer last year, Constellation paid Anheuser-Busch $5.3 billion for the distribution rights for Corona in the U.S. Since, Constellation has been the third-largest beer supplier in the country.

Must Watch

Must Watch

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 30:58

    Community Episode 4: Queer Studies and Advanced Waxing

  5. 28:45

    Community Episode 5: Laws of Robotics and Party Rights

  6. 28:13

    Community Episode 6: Basic Email Security

Live Nation

  1. Death Cab for Cutie LIVE Concert

  2. 4:47

    Jazmine Sullivan - Masterpiece (Mona Lisa) - Live from Iron City #YahooLive

  3. 6:12

    Sixx:A.M. featuring Apocalyptica - Life Is Beautiful - Live from Vic Theatre #YahooLive

  4. Betty Who LIVE Concert

  5. Oh Land LIVE Concert