Constellations Brands impresses with results and guidance


Constellation Brands (STZ) reports strong volume gains from Crown's commercial beer business. Corona Extra and Modelo Especial were the two brands with the most impressive performance.

Profit from wine and spirits operations was higher due to lower product related costs during the period.

The company sees mid-to-high single digit growth in its beer segment to outpace the type of gains put in recently by peers.

FY15 EPS guidance is set at $3.95-$4.15 vs. $3.95 consensus.

STZ +4.3% premarket

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