Beverage Industry logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Beverage Industry logo
  • NEWS
    • R&D News
    • Supplier News
  • PRODUCTS
    • New Products
    • Reader's Choice Poll
  • CATEGORIES
    • Alternative Drinks
    • Beer
    • Bottled Water
    • Cannabis Beverages
    • Carbonated Soft Drinks
    • Energy Drinks & Shots
    • Juice & Juice Drinks
    • Plant-Based Beverages
    • Sports Drinks
    • Tea and Coffee
    • Wine & Spirits
  • R&D
    • Beverage R&D Features
    • Ingredient Spotlight
  • PACKAGING
    • New Packages
    • Packaging Equipment
    • Packaging Material
  • OPERATIONS
    • Distribution
    • Plant Focus
  • TOP LISTS
    • Beer Market Report
    • Executive of the Year
    • State of the Beverage Industry
    • Top 100 Beverage Companies
    • Truck Report
    • Wholesaler of the Year
  • MEDIA
    • eBooks
    • Podcast
    • Polls
    • Videos
    • Webinars
  • DIRECTORIES
    • Annual Manual
    • Contract Packaging Guide
    • Take a Tour
  • MORE
    • Classifieds
    • Channel Strategies
    • Newsletters
    • Events
      • Membrane Technology Forum
    • Interactive Product Spotlights
    • Market Insights
    • Sponsor Insights
    • Store
    • White Papers
  • EMAG
    • eMagazine
    • Archived Issues
    • Advertise
  • SIGN UP!
Beverage News

Constellation Brands reports Q1 FY 2014 results

Company kicks off the quarter with acquisition of Grupo Modelo’s US beer business

July 2, 2013

Constellation Brands Inc., Victor, N.Y., reported a 6 percent increase in net sales reaching $673 million for the first quarter of its fiscal-year 2014. Wine and spirits net sales increased 4 percent on an organic constant currency basis primarily due to an increase in volume, the report stated. The acquisition of Mark West Winery, Acampo, Calif., complemented the organic growth for a total net sales increase of 6 percent, it explained.

“We experienced positive top line results for our U.S. wine and spirits business in the first quarter driven primarily by our focus brands, including double-digit depletion trends for Rex Goliath, Kim Crawford, Nobilo, Simi and Black Box,” said Rob Sands, president and chief executive officer of Constellation Brands, in a statement. “In addition, we continue to gain traction with our award winning portfolio of new products including Simply Naked, Thorny Rose and The Dreaming Tree.”

The company also kicked off the quarter on June 7 with its acquisition of Grupo Modelo’s U.S. beer business from Leuven, Belgium-based Anheuser-Busch InBev for approximately $4.75 billion. The transaction includes full ownership of Crown Imports LLC, which provides Constellation with complete, independent control of the U.S. commercial business; a state-of-the-art brewery in Nava (Piedras Negras), Mexico; an exclusive, perpetual brand license in the United States to import, market and sell Corona and the other Modelo brands that Crown currently sells in the U.S. market with the freedom to develop brand extensions and innovations.

“The recent closing of our transformational beer acquisition has been a rewarding way to kick off fiscal 2014,” Sands said in a statement. “This deal positions Constellation within the top ranks of the U.S. beer industry and significantly increases the size and scope of our company. From an operational perspective, we are off to a positive start for the year, as we achieved our first quarter goals and objectives. I am particularly pleased with our commercial results as we continued to gain market share in [Information Resources Inc.] (IRI) channels across our beer, wine and spirits businesses during the quarter.”

During the first quarter of 2014, Crown increased 5 percent in net sales, generating $762 million. The increase in net sales for Crown was driven primarily by volume growth and the benefit of increased product pricing taken in select U.S. markets last fall, the company says.

“Crown continues to outperform the U.S. beer market and experienced robust first-quarter sales performance driven by Modelo Especial, Corona Light and Pacifico,” Sands said in a statement. “Strong retail execution by the Crown team and its distributor network drove excellent marketplace execution during the first quarter. In addition, Crown’s creative lineup of product advertising and promotions is well positioned for the key summer selling season.”

KEYWORDS: Constellation Brands Grupo Modelo wine

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • top 100 beverage companies

    Top 100 Beverage Companies of 2024

    For the global beverage market, mergers and acquisitions...
    Beer
  • Chocolate, Strawberry, Vanilla shakes

    Classic flavors provide reliable, consistent results for beverage-makers

    Classic flavors of chocolate, vanilla and strawberry...
    Ingredient Spotlight
    By: Chloe Alverson
  • Free Spirits Instant Bar Bundle

    Lifestyle trends drive growth for non-alcohol category

    As lifestyle trends continue to drive growth for the...
    Alternative Drinks
    By: Lauren Sabetta
Manage My Account
  • Newsletters
  • Online Registration
  • Subscription Customer Service
  • eMagazine Subscription
  • Manage My Preferences

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the Beverage Industry audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of Beverage Industry or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • Woman in Coat
    Sponsored byApplied Food Sciences

    Opportunity for Hormone Support in Functional Beverages

Popular Stories

Airheads Soda

AIRHEADS enter beverage market

Pepsi Prebiotic Cola

Pepsi offers limited online release of Prebiotic Cola

loose leaf tea

Tea market evolves to meet wellness trends head-on

making connections webinar

Events

April 16, 2025

2025 State of the Industry Series: Alcoholic Beverages

On Demand In Beverage Industry’s annual State of the Industry: The Alcohol Beverage Market, analysts at S&D Insights LLC delve into these trends and how they’re shaping the industry.

View All Submit An Event

Poll

Retail Coffee Segment

What retail coffee segments will fare well into the next year?
View Results Poll Archive

Products

Milk and Dairy Foods Nutrition, Processing and Healthy Aging

Milk and Dairy Foods Nutrition, Processing and Healthy Aging

See More Products

Related Articles

  • Constellation, Vats Liquor enter long-term agreement

    See More
  • Constellation Brands reports 2017 Q1 fiscal results

    See More
  • Constellation Brands reports Q1 2018 results

    See More

Related Products

See More Products
  • GlobalData_Consumer.jpg

    United States of America Beer & Cider Market Insights 2020

  • nanoinbev.jpg

    Nanoengineering in the Beverage Industry 1st Edition

See More Products

Related Directories

  • Axon

    Axon delivers shrink sleeve, tamper-evident band, and stretch sleeve equipment trusted by beverage brands worldwide. Built for speed, flexibility, and consistent results, our systems are engineered to evolve with your line. With 5,200+ systems installed, Axon is known for innovation, reliability, and customer-first support—all from our U.S.-based team.
×

Elevate your expertise in the beverage marketplace with unparalleled insights and connections.

Join thousands of beverage professionals today. Shouldn’t you know what they know?

JOIN NOW!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • Newsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing