CONSTELLATION’S WINE DIVISION UP DOUBLE DIGITS

Constellation posted a 13% rise in 1st-quarter profits, driven by double-digit growth of branded wines and imported beer in North America, primarily the U.S. Sales increased 5% with beer and wine growth offsetting a slip in spirits sales (-3%)

“We are engaged in a long-term premium spirits portfolio brand-building effort illustrated by the addition of six new brands in the past 18 months, and the current rollout of the black cherry flavor 99 schnapps," said Richard Sands in a statement. "We will continue to look for additional opportunities to expand our premium spirits business while maintaining our leadership role in value spirits."

Constellation expects its sales to grow 6-8% for the fiscal year.