REFILE-UPDATE 2-Constellation Brands forecast hit by higher costs to meet beer demand

miércoles 9 de abril de 2014 13:50 GYT
 

(Corrects spelling of United in paragraph 3)

* Expects Mexican brewery expansion costs to double to $1.1 bln

* Sees higher costs hurting free cash flow in 2015

* Fourth-quarter adjusted profit tops analysts' estimate

* Sees full-year adjusted EPS $3.95-$4.15 vs est $3.95

* Shares down 5 percent; were up in early trading

By Siddharth Cavale

April 9 (Reuters) - Constellation Brands Inc said it expects to spend up to $1.1 billion - almost double its previous forecast - to increase capacity at a Mexican brewery, hurting its full-year profit and cash flow forecasts and sending its shares down 5 percent.

The company, which makes Svedka Vodka and Robert Mondavi wine, also reported a better-than-expected fourth-quarter quarter profit, helped by strong sales of beers such as Corona and Modelo in the United States.   Continuación...