Beer nearly doubles Constellation Brands profits

Constellation Brands’ quarterly profit nearly doubled, helped by strong sales of beer, including the brands it bought from🍃 Groupo Modﷺelo’s U.S beer business, Corona, Modelo and Pacifico.

The world🎶’s biggest branded wine maker said revenue jumped 88 percent to $1.44 billion ﷺfor the third quarter.

The company’s profit rose to $211 million, or $1.07 per share, in the quarter, f𝔍rom $109.5 million, or 58 cents per share, a year earlier.