Constellation Brands profit nearly doubles on strong beer sales

April 9 Wed Apr 9, 2014 7:49am EDT

April 9 (Reuters) - Constellation Brands Inc reported a fourth-quarter profit that nearly doubled, helped by strong sales of its beers such as Corona and Modelo Especial in the United States.

Net income rose to $157 million, or 79 cents per share, in the quarter ended Feb. 28, from $82 million, or 43 cents per share, a year earlier.

Excluding items, the company earned 81 cents per share.

Constellation, which also produces Svedka Vodka and Robert Mondavi wine, said revenue rose 86 percent to $1.29 billion in the quarter. (Reporting by Siddharth Cavale and Devika Krishna Kumar in Bangalore; Editing by Savio D'Souza)

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