Constellation beat sales and profit-per-share estimates, grew beer and wine sales, and raised its reported-profit forecast. Its adjusted forecast stayed unchanged and operating cash flow fell 1%; SpikedAde could cost up to $353 million total, but $278 million depends on future performance.
Beer and wine sales gains, plus a higher full-year reported-profit forecast, support stronger prospects. The adjusted-profit forecast stayed the same, and operating cash flow fell 1%. The SpikedAde purchase adds cost, but most of its possible payments depend on future results.
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