Constellation Brands, Inc. (STZ) said it delivered another quarter of strong business performance. Beer Business achieved double-digit net sales growth for the quarter, while Wine and Spirits net sales rose 1%. The solid top-line performance of its Beer and Wine and Spirits Businesses in the first half has given the company confidence to increase their net sales outlook for the full-year.
The Beer Business now expects net sales growth of 8-10%, for fiscal 2023. The Wine and Spirits Business now projects fiscal 2023 net sales decline of 0-2%.
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