Jul 1, 2020
Constellation Brands reports US$177.9-million loss in first quarter
The Associated Press
VICTOR, N.Y. -- Constellation Brands Inc. on Wednesday reported a loss of US$177.9 million in its fiscal first quarter.
On a per-share basis, the Victor, New York-based company said it had a loss of 94 cents. Earnings, adjusted for non-recurring costs, were US$2.30 per share.
The wine, liquor and beer company posted revenue of US$2.13 billion in the period. Its adjusted revenue was US$1.96 billion.
Constellation Brands shares have fallen 11 per cent since the beginning of the year. The stock has fallen 10 per cent in the last 12 months.
