Ahead of the release on Thursday of Constellation Brands’ results for its fourth quarter and full-year 2017, here’s a look at the events that shaped the three months to the end of February for the company.
- In mid-December, Constellation successfully completed the divestment of its Canadian wine operations, having first announced the sale in October
- Towards the end of the month, speculation began to mount around what a Donald Trump presidency would mean for the drinks industry. Analysts asserted that Constellation’s Mexican beer portfolio in the US will likely be resilient to a border tax proposal
- In January, the firm reported a 34% leap in net profits in its third quarter, driven by its Mexican beer portfolio and a string of acquisitions
- Later in the month, Constellation made a minority investment in rye whiskey and gin producer Catoctin Creek
- At the same time, the group said it would begin a test-launch for its new low-calorie, low-carbohydrate Corona beer in the US
- Also in January, Constellation said it was considering shifting the purchase of several raw materials from Mexico to the US, should President Trump implement a border tax between the neighbouring nations
- Towards the end of the month, Constellation appointed its first COO, moving Bill Newlands into the newly-created role
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