Constellation Brands profit jump 50 percent

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Constellation Brands Inc. said Tuesday its fiscal first-quarter profit jumped 50 percent, lifted by price increases as well as strong sales of new higher-margin wine brands such as Clos du Bois and Wild Horse. he company’s 300-plus brands run from jug wines to coveted California reds, beer imports such as Corona and St. Pauli Girl and liquors like Fleischmann’s vodka and Black Velvet Canadian whiskey. Associated Press has the story.

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