Constellation Brands' first-quarter profit surges
Constellation Brands' first-quarter profit surges
Jul 1, 2010
, by
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.
Comments