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Analyst claims Constellation brands experiencing unprecedented success, driven by strong beer sales

Constellation Brands’ (STZ) reported fiscal second quarter earning that topped analyst estimates on both the top and bottom lines. The beverage company’s results got a boost from beer sales, especially, its Modelo and Corona brands. Roth Capital Partners Senior Research Analyst Bill Kirk tells Yahoo Finance Live that when it comes to the beer unit, “the demographics are squarely in their [Constellation Brands] favor. People want lighter, more refreshing beers, especially during the summer months of this reported period, and they play directly into that tailwind.” Watch the video above to find out what Kirk says Constellation Brands is doing that few others in the sector are not. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.Subscribe to Yahoo Finance:
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