Victor, N.Y.-based Constellation Brands released its third quarter fiscal year 2019 results. Excluding per share data, the company reported third-quarter net sales of $1.9 billion, a 9 percent change over the prior-year period.
Driven by sales of its Modelo and Corona brand families, Constellation reported that its beer division had net sales of $1.2 billion, a 16 percent increase over fiscal year 2017, it said. These results within the company’s beer business for the third quarter were the most significant share gains in the U.S. beer industry, it stated.