Constellation Brands reported quarterly profit per share and sales above analyst estimates, supporting a positive reading of its business. It also announced the SpikedAde brand purchase, but gave no expected sales or profit for it.
Both reported results exceeded estimates, supporting a stronger view of Constellation Brands' recent business. The announced SpikedAde purchase may add another drink brand, but the story gives no expected sales or profit from it.
Follow Constellation Brands, Inc. (STZ) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for STZ