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.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!