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Constellation Brands loss narrows as sales squeak past estimates

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Constellation Brands Inc. said Wednesday it had a net loss of $908.1 million, or $4.74 a share, in its fiscal first quarter to May31, narrower than the loss of $177.9 million, or 94 cents a share, posted in the year-earlier period. Adjusted per-share earnings came to $2.33, while earnings excluding its stake in Canadian cannabis company Canopy Growth Corp. came to $2.51.

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