Constellation Brands, PriceSmart Announce Earnings

Constellation Brands (STZ) announced that quarterly profits were lower due to greater interest expense, as well as a write off. Net income was $81.7 million, or 43 cents per share, for the fiscal fourth quarter ended on February 28, down from $103 million, or 51 cents per share, in the same period last year. Net sales increased to $695.9 million from $628.1 million in the same period last year.