October 5, 2017 / 11:53 AM / 15 days ago

Constellation Brands reports 40 pct profit rise

Oct 5 (Reuters) - Constellation Brands Inc reported a 39.2 percent rise in quarterly profit on Thursday, citing higher margins as its breweries ran at full capacity during the summer season, as well as support for revenues from a weaker dollar.

Net income attributable to the company rose to $500 million, or $2.48 per class A share in the second quarter ended August 31, from $358.9 million, or $1.75 per class A share, a year earlier.

The Victor, New York-based company said its net sales rose to $2.08 billion from $2.02 billion. (Reporting by Uday Sampath in Bengaluru; editing by Patrick Graham)

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