Beer maker Constellation Brands is going to release earnings for their first quarter of fiscal 2016 before the opening bell on July 1st. According to estimates by Reuters, Constellation Brands should earn a dollar and 23 cents a share, which would show 21% growth over last years first quarter earnings of a dollar and 7 cents. The company is behind beer labels like Corona and Modelo, behind spirits including Svedka, and touts itself as the number one premium wine producer in the world. The alcohol empire has been making acquisitions and expansions that have been growing its market share in the wine and spirits business. The company has also been benefiting from the increased consolidation in the beer business. Constellation Brands is expecting this growth momentum to continue with their robust fiscal 2016 earnings guidance. Constellation brands is up nearly 18% percent since the beginning of the year. President and CEO Rob Sands will hold the conference call discussing the financial results and outlook after the release along with executive Vice president and CFO Bob Ryder.
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