Constellation Brands net profit slips
(Reuters) - Constellation Brands Inc (STZ.N), the world's biggest branded wine company, reported lower quarterly profit on Friday, as net sales slipped.
The maker of Robert Mondavi and Ravenswood wines earned $72 million in the first quarter ended May 31, down from $74.5 million a year earlier. On a per-share basis, earnings were 38 cents, up from 35 cents a year earlier, when there were more shares outstanding.
Net sales slipped to $634.8 million from $635.3 million a year earlier.
(Reporting By Martinne Geller in New York; Editing by Gerald E. McCormick)
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