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Constellation Brands Shares Gain On Q1 Beats, Strong FY22 Guidance, Incremental Stock Buyback

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Constellation Brands Inc (NYSE: STZ) reported first-quarter FY22 sales of $2.03 billion, up 3.2% year-on-year, beating the consensus estimate of $2.02 billion. Net sales for the Beer segment grew 14% Y/Y to $1.5 billion, and wine and spirits were fell 22% Y/Y to 454.5 million.

...read full article on Benzinga

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