Constellation Brands looks for signs of renewed wine growth in North America
Constellation Brands looks for signs of renewed wine growth in North America
Apr 6, 2011 6
(AP) - Constellation Brands Inc., which sells Robert Mondavi wine, Svedka vodka and Corona beer, reports its fiscal fourth-quarter results before the stock market opens Thursday.WHAT TO WATCH FOR: Signs of an uptick in North American sales of wines and spirits through the holiday season as shoppers gain more confidence in the economic recovery and trade up to more expensive alcoholic drinks.
Constellation Brands recently lost its eight-year-long status as the world's No. 1 winemaker when it sold most of its Australian and British wine business. It has been shifting its focus to higher-priced brands and remains the biggest seller by volume of premium-category wines priced between $5 and $15.
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