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April 9, 2014
07:33 EDTSTZConstellation Brands reports Q4 adjusted EPS 81c, consensus 76c
Reports Q4 revenue $1.29B, consensus $1.29B. The significant increase for consolidated net sales was driven by $598M of incremental net sales related to the consolidation of Crown. Net sales for the beer segment increased 13% primarily due to volume growth driven by strong consumer demand. Wine and spirits net sales on an organic constant currency basis increased one percent as volume growth was mostly offset by unfavorable mix and higher promotional spend.
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