Oct 5 (Reuters) - Constellation Brands Inc reported a 16.6 percent jump in quarterly sales as the company benefited from strong demand for its beer brands, including Corona and Modelo.
The Victor, New York-based company also said it would buy Utah-based High West Distillery for about $160 million to enter the high-end craft whiskey segment.
The company’s net sales rose to $2.02 billion in the second quarter ended Aug. 31, from $1.73 billion a year earlier.
Net income attributable to the company rose to $358.9 million, or $1.75 per share, from $302.4 million, or $1.49 per share.
Reporting by Gayathree Ganesan in Bengaluru; Editing by Sriraj Kalluvila