![]() ![]() In June, the company estimated its earnings per share for the year would come in between US$10.50 and US$10.80. ![]() Comparable half-year net income was up 19% at US$1.09bn.Ĭonstellation also provided investors with fresh forecasts for annual earnings per share. On a comparable basis – excluding items such as the Canopy expenses – second-quarter net income rose 28% to $588.7m. First-half operating income more than doubled to $1.63bn.Ĭonstellation booked a second-quarter net loss of $1.15bn and a half-year loss of $761.7m, hit by costs and impairments from its investment in cannabis venture Canopy Growth Corp. Second-quarter group operating income climbed 10% to $813m. The company is forecasting annual net sales from its wine-and-spirits arm will be at best flat, or, at worst, down 2%. Citing IRI data, Constellation said its “wine portfolio outperformed the total US wine category and gained share”. Second-quarter net sales rose 12% to US$2.66bn, contributing to a 13.7% first-half increase to US$5.41bn.ĭuring the three months to 31 August, the net sales from Constellation’s wine-and-spirits division inched up 1% to $515.8m. The deal was unveiled on the same day as Constellation published its second-quarter and half-year financial results. The Wine Group, which has a stable of brands including Benziger Family Winery, Concannon Vineyard and Franzia, added the purchase meant it moved from being the third-largest wine company in the US in revenue to the second-biggest. Robert Hanson, the president of Constellation’s wine-and-spirits division, said: “A key driver of our success has been our relentless focus on consumer preferences, including long-term, consumer-led, premiumisation trends and remaining agile in our approach to stay ahead of evolving marketplace dynamics.” Those brands include Woodbridge wine and Svedka vodka. It added it will continue to invest in what it called its “remaining strategic mainstream wine-and-spirits assets”. The Corona beer maker said the latest disposals were part of a strategy to compete “predominantly in premium and fine wine and craft spirits”. Hence, the film’s apt title.Last year, Constellation offloaded a chunk of its “popular and mainstream” wine and spirits business to US peer E&J Gallo. The two play married parents who live in a booby-trapped farmhouse with their children, staying tightlipped as post-apocalyptic creatures hunt them by sound. Pulling triple duty (director, writer, star), Krasinski shares the screen with his couple-goals wife, Emily Blunt. Ahead, the best movies on Paramount+ that rise to the top of the heap (not including those in the Showtime toggle).Įveryone’s favorite office guy, John Krasinski, makes his directorial debut with a tension-builder that seers the senses. Unless you’d rather be scrolling through titles for the same runtime as Titanic, allow us to offer some tips-25 of them, actually. Featuring a wide range of titles from Paramount Pictures and studios beyond, the digital platform plays host to some of the best classic movies of all time, a few of the best ’90s rom-coms, and several features with the best movie soundtracks.ĭid you bundle your subscription with Showtime? Well then, the selection balloons even more, opening the portal to gems like Pearl, The Fablemans, and Everything Everywhere All at Once. So, you just subscribed to Paramount+ and are diving into the deep end of its cinematic library. "Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." 25 of the Best Movies on Paramount+ ©20thCentFox/Courtesy Everett Collection
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