Victor-based Constellation Brands is reporting earnings that topped Wall Street expectations.
For its second quarter, the company saw profits of about $500 million, compared to $359 million a year ago.
Earnings per share of $2.47 topped analysts’ estimates. Revenues totaled just over $2 billion.
President and CEO Rob Sands says the quarter shows Constellation’s strategy is paying off. He says they remain the leader in the high-end of the U.S. beer market and they are also seeing benefits from focusing on premium wine brands.