The brewer's net sales during the quarter increased by 5.8%, to US$2,661.8 million. For its part, production costs remained stable at US$ 1,258 million.

Constellation Brands, owner of Corona beer in the United States, posted an attributable net profit of US$877 million in its first fiscal quarter, ended in May, more than six times that of the same period last year, when the multinational earned US $135.9 million.

Net sales during the quarter increased 5.8%, to US$ 2,661.8 million. For its part, production costs remained stable at US$ 1,258 million.

Between March and May, sales in the beer segment totaled US$2,272.8 million, 8.3% more than a year before, while the wine and spirits business had a turnover of 6.5% less, up to US$389. millions.

"Our beer business continued to achieve strong volume growth well above its category," said Bill Newlands President and CEO of Constallation Brands.

"Ultimately, we continue to move forward and remain focused on our outlook for FY25," he added.

Looking ahead to the current year as a whole, the multinational is confident of achieving net sales growth of between 6% and 7%, including an increase of 7% to 9% in the beer business, while the wine segment and liquors would register between a drop of -0.5% and a growth of 0.5%.

Likewise, the company expects to achieve earnings per share of between US$ 14.63 and US$ 14.93.