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Constellation Brands third-quarter profit rises 5 percent
January 9, 2013 / 12:56 PM / 5 years ago

Constellation Brands third-quarter profit rises 5 percent

(Reuters) - Constellation Brands Inc (STZ.N), the world’s largest branded wine maker, reported a higher third-quarter profit as marketing initiatives drove sales.

    Net income for the company, whose labels include Robert Mondavi and Ravenswood, rose to $110 million, or 58 cents per share, from $105 million, or 52 cents per share, a year earlier.

    Revenue rose 9 percent to $767 million.

    Reporting by Siddharth Cavale in Bangalore

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