Investors had high expectations for Constellation Brands‘ (NYSE: STZ) fiscal first quarter results, given that the alcoholic beverage giant frequently trounces management’s forecasts. Its announcement this week didn’t disappoint.
In fact, the alcoholic beverage giant continues to dominate the beer market with its portfolio of high-end brands. Gains in this segment more than offset weak results in the wine portfolio as Constellation Brands boosted its full-year profit outlook.
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