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Constellation Brands Delivers ‘Solid Business Performance’ In Q2 

Published on Oct 5 2020 7:29 AM in Drinks tagged: Featured Post / Beer / Constellation Brands / Paywall / Second Quarter Results / Wine & Spirits

Constellation Brands Delivers ‘Solid Business Performance’ In Q2 

Constellation Brands has reported a ‘solid business performance’ in the second quarter of its financial year, generating strong cash flow and achieving debt reduction worth $600 million despite headwinds due to the COVID-19 pandemic.

The company’s operating cash flow amounted to $1.4 billion (+2%), while free cash flow increased by 10% to $1.2 billion.

Comparable operating income for the period amounted to $798 million (+1%), while EBIT (comparable) increased by 3% to $762 million.

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