Constellation Brands, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2022
January 05, 2023 at 08:01 am
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Constellation Brands, Inc. reported earnings results for the third quarter and nine months ended November 30, 2022. For the third quarter, the company reported sales was USD 2,624.6 million compared to USD 2,507 million a year ago. Revenue was USD 2,436.5 million compared to USD 2,320.6 million a year ago. Net income was USD 467.7 million compared to USD 470.8 million a year ago.
For the nine months, sales was USD 8,029.6 million compared to USD 7,260.3 million a year ago. Revenue was USD 7,454.8 million compared to USD 6,718.2 million a year ago. Net loss was USD 294 million compared to USD 435.8 million a year ago.
Constellation Brands, Inc. is one of the leading American producers of wines, spirits and beers. Net sales (before intra-group eliminations) break down by family of products as follows:
- beer (76.2%): Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico and Victoria brands;
- wines (17.6%): Robert Mondavi, Simi, Mark Xest, Kim Crawford, Estancia, Clos du Bois, Black Box brands, etc.;
- spirits (2.7%): Svedka Vodka, Casa Noble and High West brands;
- other (3.5%).
The United States account for 97.3% of net sales.
CONSTELLATION BRANDS, INC. 
