Food & Beverage

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.

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