Constellation Brands' first-quarter profit surges

Constellation Brands' first-quarter profit surges

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Constellation Brands Inc., the world's biggest winemaker, said Thursday that its first-quarter net income surged more than sevenfold with distribution improvements, even as its revenue slipped.The maker of Mondavi wine, Svedka vodka and Corona beer also announced a $300 million stock buyback and increased its forecast for fiscal 2011.


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