Anheuser-Busch InBev NV (ADR) (BUD): Constellation Brands, Inc. (STZ) Earnings: An Early Look

Since it was initially proposed, the Grupo Modelo deal has gone through big ups and downs. In early February, the Justice Department blocked the deal, arguing that Anheuser-Busch InBev NV (ADR) (NYSE:BUD) would have too much pricing control if the deal went through. Yet just a couple of weeks later, a new agreement that added in Constellation’s taking over Grupo Model’s Piedras Negras brewery for $2.9 billion seemed to satisfy the Justice Department, and shares soared as the deal appears to be back on.

Nevertheless, Constellation Brands, Inc. (NYSE:STZ) hasn’t been standing still waiting for Anheuser-Busch InBev NV (ADR) (NYSE:BUD) to figure out how to get its deal done. Last month, Constellation moved forward with a distribution deal with Brazil’s Interfood Importacao, whereby the local company will offer Robert Mondavi wine, Svedka vodka, and other products throughout the South American giant. The move is just the latest in Constellation Brands, Inc. (NYSE:STZ)’s attempts to bolster its emerging-market presence.

In its earnings report, watch for Constellation to report on the status of the Anheuser-Busch InBev NV (ADR) (NYSE:BUD) deal as well as its other strategic moves. If the deal finally gets done, the future looks extremely bright for Constellation.

The article Constellation Brands Earnings: An Early Look originally appeared on Fool.com and is written by Dan Caplinger.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter: @DanCaplinger. The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.