Constellation Brands beats on earnings as Modelo-fueled beer momentum continues

The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra brands, reported double-digit sales growth in its beer business as the division continues to dominate the overall beer and high-end categories. Meanwhile sales of wine and spirits lagged.

‘Buyer beware.' Anyone can call themselves a tax preparer. Here's how to find a qualified professional The division wasn't without its standout brands, though: Constellation's Meiomi and Kim Crawford wine brands saw 7% and 6% depletion growth, respectively, while its craft spirit, Mi Campo tequila, reported more than 60% depletion growth.

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Constellation Brands earnings top estimatesCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
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