Constellation Brands moves to 2nd-quarter profit, partly on absence of impairment chargeMILWAUKEE — Wine and spirits maker Constellation Brands Inc. said Thursday that it moved to a fiscal second-quarter profit because of lower restructuring costs and the absence of last year’s impairment charge, beating analyst estimates. World’s No. 1 wine producer, NY-based Constellation, will close a winery, donate it to collegeVICTOR, N.Y. — The world’s biggest wine company is closing a winery in western New York and donating the building and vineyards to a college. Constellation Brands 1st-quarter profit falls on charges, but adjusted results top Wall StreetNEW YORK — Wine and spirits maker Constellation Brands Inc. said it is benefiting from consumers switching from higher-priced beverages to those that offer more buzz for the buck. |