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Slow wine sales hurt Constellation profits
Jan 5, 2012
(Pressdemocrat) - Constellation Brands Inc. said Thursday its third-quarter profit slumped 25 percent on weaker wine and beer sales in North America, price hikes that hurt sales of two popular wine brands and stepped-up promotional costs.
The results narrowly missed Wall Street estimates. Its shares fell 71 cents, or 3.5 percent, to close at $19.73 Thursday.
Comments:
8agrape
Jan 6, 2012
It might have something to do with the distrobution market, in my state Constellation is the last item talked about in the on premise division
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