Constellation Brands third-quarter profit rises 5 percent

Wed Jan 9, 2013 7:55am EST

(Reuters) - Constellation Brands Inc (STZ.N), the world's largest branded wine maker, reported a higher third-quarter profit as marketing initiatives drove sales.

Net income for the company, whose labels include Robert Mondavi and Ravenswood, rose to $110 million, or 58 cents per share, from $105 million, or 52 cents per share, a year earlier.

Revenue rose 9 percent to $767 million.

(Reporting by Siddharth Cavale in Bangalore)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article