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Grupo Modelo import beer sales rise in U.S.

Grupo Modelo said its Crown Imports joint venture with Constellation saw net sales hit $2.47 billion in calendar 2011, up 6% from $2.34 billion in calendar year 2010. Operating profit was flat at $435 million. According to Impact Databank, growth drivers for Crown last year included Modelo Especial (up 14% to 36 million cases) and Victoria, which grew roughly six-fold to nearly 3 million cases. Meanwhile, Corona Extra (+5%) and Corona Light (+1%) both returned to growth in the U.S. in 2011, as St. Pauli Girl and Tsingtao slowed.

via Shanken News Daily.


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