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Constellation Brands gives long-term results targets

Wed Nov 14, 2007 2:41pm EST

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NEW YORK, Nov 14 (Reuters) - U.S. wine and spirits company Constellation Brands Inc (STZ.N) on Wednesday gave guidance on its mid- to long-term earnings and sales targets during an investor conference that was also broadcast over the Internet.

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While speaking at the Morgan Stanley Global Consumer & Retail Conference, Chief Financial Officer Rob Ryder said the company is targeting annual earnings per share growth in the mid-single-digit to low-teen percentage rate and net sales growth in the mid-single digits. (See here for "Shop Talk" -- Reuters' retail and consumer blog) (Reporting by Martinne Geller)

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