Constellation Brands bullish on beer despite sales fall – results data

Final quarter - to end of February - sees sales decline 5% to US$2bn Nine-month sales lift of 11% sees top line for fiscal 2023 close up 7% at $9.45bn A continued deceleration of sales has pulled Constellation Brands below the double-digit growth level for its financial year to the end of February. Following on from its third-quarter +5% performance, the multi-category group reported full-year figures today in which Q4 sales fell by 5% on the corresponding period a year earlier. Subsequently, for the 12 months to the end of February, sales finished up on Fiscal 2022 by only 7%.