Constellation Brands CEO Bill Newlands told CNBC's Jim Cramer on Thursday how the company plans to improve its wine and spirits division, which saw its net sales decline during the most recent quarter.
"We're going to put a lot more focus on the critical brands, brands like the Prisoner, and Meiomi, and High West, and Mi Campo, as examples.
Despite shortcomings with its wine and spirits business, the company's quarterly earnings report showed strength in beer sales.
Newlands also expressed confidence in Sam Glaetzer, the new leader of Constellation Brands' wine and spirits business.
Constellation Brands is seeing success and growth in its Pacifico Brand, Newlands added.
Persons:
Bill Newlands, CNBC's Jim Cramer, Mi, We're, Newlands, Sam Glaetzer, Glaetzer, it's
Organizations:
Constellation, High, Constellation Brands, Modelo, Management, Pacifico Brand, Pacifico
Locations:
Corona, Pacifico, Newlands, California, Florida, New Jersey, West Coast