Constellation Brands releases fiscal year, Q4 results for 2018
Constellation Brands Inc., Victor, N.Y., announced 2018 fiscal year and fourth quarter results for the period ending Feb. 28, 2018. The company posted consolidated net sales of more than $7.5 billion, with reported growth of 3 percent. Fourth quarter net sales were more than $1.7 billion, with a reported growth of 8 percent.
In fiscal year 2018, beer (branded product, 24-pack, 12-ounce case equivalents) posted net sales of more than $4.6 billion, a 10.1 percent incease from last year. Beer, in the fourth quarter, accounted for $997.2 million of the company’s sales, an 11.9 percent change from last year.