Alexa
  • Directory of Taiwan

Constellation Brands' 2Q profit falls

Constellation Brands' 2Q profit falls

The maker of Robert Mondavi wine and Svedka vodka says its second-quarter net income fell 8 percent on lower wine, beer and spirits sales.
For the three months that ended Aug. 31, Constellation Brands Inc. earned $91.3 million, or 43 cents per share. In the same period last year, it earned $99.7 million, or 45 cents per share.
Excluding restructuring and other one-time items, the world's biggest winemaker by volume earned 52 cents per share.
Revenue fell 2 percent to $863 million from $876.8 million.
The results beat estimates from Wall Street analysts. They expected the company to earn 49 cents per share on revenue of $855 million.
Constellation is based in Victor, New York.


Updated : 2021-10-22 15:55 GMT+08:00