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STZ Constellation Brands CDR

20.59
0.00 (0.00%)
04 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Constellation Brands CDR NEO:STZ NEO Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.59 20.00 21.80 9 22:30:01

Constellation Brands: Crown Imports JV Sales Were Below Views

01/10/2009 5:12pm

Dow Jones News


Constellation Brands CDR (NEO:STZ)
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Constellation Brands Inc. (STZ) said sales at Crown Imports, its beer joint venture with Grupo Modelo (GPMCY), were below expectations in recent months as consumers have traded down and spent less at bars and restaurants.

Speaking on an earnings conference call, the company's executives said the summer selling season for the U.S. beer industry was challenging, but that marketing efforts are starting to help sales stabilize at its joint venture.

Constellation Brands swung to a fiscal second-quarter profit that exceeded analyst expectations, aided by efforts to cut costs and reduce debt.

-By Anjali Cordeiro, Dow Jones Newswires; 212-416-2200; anjali.cordeiro@dowjones.com

 
 

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