Crown Has Tough Quarter, Safe from A-B / InBev Deal

While Constellation had a great quarter, its Crown Imports division is still experiencing tough times in their fiscal first quarter (March through May). Net dollar sales were up 2%, while operating income was down 5%. Constellation chief Rob Sands cited a strong April but a weaker May, with the tough spots being California and Florida, which of course are huge Corona markets. Rob said the housing bust in those areas has contributed to Crown's difficulties. He also acknowledged that there