Jan 5 (Reuters) - Premium beer maker Constellation Brands Inc posted a 21 percent surge in profits for its third quarter, as retailers stocked more Corona Extra and Modelo Especial beers during Labor Day and Thanksgiving.
The Victor, New York-based company’s net income rose to $491.1 million, or $2.44 per share, in the quarter ended Nov. 30, from $405.9 million, or $1.98 per share, a year earlier.
Net sales fell marginally to $1.80 billion from $1.81 billion. (bit.ly/2F3QAxl)
Reporting by Siddharth Cavale in Bengaluru; Editing by Martina D'Couto