April 11 Reuters Constellation Brands forecast annual profit above Wall Street expectations on Thursday, banking on resilient demand for its core beer brands despite sticky inflation.

Demand across the company39;s beer brands like Modelo Especial and Pacifico remained strong as consumers stretched their budgets even though living expenses persistently rise.

Constellation expects annual comparable earnings per share for 2025 in the range of 13.50 to 13.80, compared with analysts39; average estimates of 13.42 per share.

Quarterly sales of Constellation and peer Molson Coors grew in contrast with Jack Daniel maker BrownForman and top brewer AnheuserBusch InBev, which saw a dip in volumes.

The company39;s beer business for the reported DecembertoFebruary quarter, saw a 8.9 depletion growth the rate at which products are sold compared with a growth of 6 last year.

With the benefits arising from sales growth, price hikes, reduced marketing expenses and cost efficient initiatives, Constellation was able to counter higher packaging and raw material and costs.

The company, which also makes spirits including Mi Campo tequila and wines like The Prisoner, saw the operating margin of its beer business rise by 30 basis points to 34.4.

However, the company39;s quarterly net sales declined 6 in its wines and spirits business as wholesalers across international markets cut back on orders for its highpriced premium brands.

The company posted net sales of 2.14 billion for the…