April 11 (Reuters) - Constellation Brands ( STZ )

forecast annual profit above Wall Street expectations on

Thursday, banking on resilient demand for its core beer brands

despite sticky inflation.

Demand across the company'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

analysts' average estimates of $13.42 per share.

Quarterly sales of Constellation and peer Molson Coors ( TAP/A )

grew in contrast with Jack Daniel maker Brown-Forman ( BF/A )

and top brewer Anheuser-Busch InBev, which saw

a dip in volumes.

The company's beer business for the reported

December-to-February 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 company's quarterly net sales declined 6% in

its wines and spirits business as wholesalers across

international markets cut back on orders for its high-priced

premium brands.

The company posted net sales of $2.14 billion for the

fourth-quarter ended Feb. 29, compared with analysts' average

estimate of $2.10 billion, according to LSEG data.

Comparable earnings per share stood at $2.26, beating

estimates of $2.08 per share, according to LSEG data.

Shares of the Victor, New York-based company, which expects

2025 enterprise net sales to grow in the range of 6% to 7%, were

up about 1% in premarket trading.