Constellation Brands sees headwinds from grape costs abating In FY15, sees CapEx $575M-$625M including $450M-$500M for the beer business driven by brewery expansion activities. Sees low to mid single digit operating income growth for wine and spirits in FY15. The company expects to face difficult comparisons in 2H15. Says targeted wine and spirits EBIT growth for FY15 is weighted towards 2H15. Says beer acquisition has been a "game changer." Says improved commercial results keep free cash flow and deleveraging goals intact.
JPMorgan to hold a conference Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link