Investing.com – Beer could gain popularity again in America, with Constellation Brands (NYSE 🙂 reporting an increase in Corona and Modelo sales in the region.
During the fourth quarter of the year, the company reported results above estimates with beer sales increasing 9.3% to $ 1.09 billion.
Constellation Brands jumped 4% Thursday at the noon trading session.
The company announced Wednesday that 30 of its less expensive brands of wines and spirits would be donated to E & J Gallo Winery for $ 1.7 billion, while it focused on high-end brands.
Anheuser Busch Inbev (NYSE 🙂 up 1% and Molson Coors Brewing (NYSE 🙂 wins 1.6%.
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