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Distillers & Wineries

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Constellation Brands qtrly reported share of $2.48

Thursday, 5 Oct 2017

Oct 5 (Reuters) - Constellation Brands Inc ::Constellation Brands reports second quarter fiscal 2018 results.Achieves qtrly reported basis EPS of $2.48 and qtrly comparable basis EPS of $2.47‍​.Increases FY18 EPS guidance.Affirms fiscal 2018 operating cash flow target of approximately $2.0 billion‍​.Increases fiscal 2018 reported basis EPS outlook to $7.90 - $8.05 ‍​.Increases fiscal 2018 comparable basis EPS outlook to $8.25 - $8.40‍​.Constellation Brands Inc qtrly reported net sales $2,085 million, up 3 pct‍​.For fiscal 2018 the beer business continues to target net sales growth in the range of 9 - 11 percent.Q2 earnings per share view $2.16, revenue view $2.06 billion -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $8.18, revenue view $7.62 billion -- Thomson Reuters I/B/E/S.For fiscal 2018, beer business continues to target net sales growth in the range of 9 - 11 percent.Sees for fiscal 2018 capital expenditures of $1.175 billion to $1.275 billion.For fiscal 2018 for the wine and spirits business, co continues to expect net sales to decrease in the range of 4 - 6 percent.For fiscal 2018 for the wine and spirits business, co continues to expect operating income to be flat.For 2018, operating income growth now targeted in range of 17 - 19 percent for beer business .

Sichuan Swellfun unit to merge with marketing unit

Monday, 31 Oct 2016

Sichuan Swellfun <600779.SS> :Says Chengdu-based wine unit to merge with a Chengdu-based marketing unit engaged in sale of pre-packaged food.

Sichuan Swellfun to dissolve rre-packaged food sale units

Thursday, 25 Aug 2016

Sichuan Swellfun <600779.SS>:Says it will dissolve two Sichuan-based wholly owned subsidiaries, which are engaged in sale of re-packaged food.

Zhejiang Guyuelongshan Shaoxing Wine to close restaurant management unit

Wednesday, 27 Jul 2016

Zhejiang Guyuelongshan Shaoxing Wine <600059.SS> Co., Ltd.:Says it plans to close a Shenyang-based restaurant management unit.

Marie Brizard Wine and Spirits and Polish subsidiaries exit continuation plan

Wednesday, 15 Jun 2016

Marie Brizard Wine and Spirits SA : Marie Brizard Wine & Spirits and its Polish subsidiaries exit their continuation plan . Group is therefore more than ever focusing on lasting profitable growth through the execution of the big 2018 plan as its main priority . At a hearing held on June 14, the group subsidiaries involved thus asked the Dijon commercial court to ascertain their exit from their respective continuation plans .Decision is expected at the end of June.

Masi Agricola SpA incorporates unit Canova

Thursday, 7 Jan 2016

Masi Agricola SpA:Incorporates wholly owned unit ‍Canova Srl​.

Anhui Yingjia Distillery completed to dissolve subsidiary

Thursday, 31 Dec 2015

Anhui Yingjia Distillery Co Ltd:Completed to dissolve an Anhui-based renewable resources wholly owned subsidiary.

Kweichow Moutai completes liquidation of subsidiary

Thursday, 31 Dec 2015

Kweichow Moutai Co Ltd:Says completed liquidation of a Guizhou-based wine subsidiary.

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