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Constellation Brands Q3 Earnings Top Estimates; Enters Deal With Coca-Cola For FRESCA Brand

Constellation Brands Q3 Earnings Top Estimates; Enters Deal With Coca-Cola For FRESCA Brand

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Constellation Brands Inc (NYSE: STZ) reported a third-quarter FY22 sales decline of 4.8% year-on-year, to $2.32 billion, beating the analyst consensus of $2.28 billion. Net sales for the Beer segment grew 4%Y/Y to $1.8 billion, and wine and spirits fell 25% Y/Y to $568 million.

...read full article on Benzinga

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