Investors Buy Into Beer Again
It’s not been “party time” for the alcohol industry recently, but Constellation Brands offered investors something to celebrate to start the year. 🙁
The wine and spirits distributor posted adjusted earnings per share of $3.19, topping the consensus view of $3.01. However, a roughly 2% YoY growth in sales to $2.471 billion fell short of analyst estimates of $2.538 billion.