Analyze Constellation Brands Horizontal Income Statement. Provide explanation of the changes in gross profit.. Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Millions 2023 2022 2021 2020 YoY % Change YoY % Change YoY % Change YoY % Change Sales 6.80% 1.85% 2.66% 2.57% Excise taxes 2.29% -4.37% -3.73% 0.16% Net sales 7.16% 2.39% 3.25% 2.80% Cost of product sold 13.86% -0.86% -1.02% 3.86% Gross profit 1.31% 5.40% 7.57% 1.75%.

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To analyze Constellation Brands horizontal income statement and understand the changes in gross profit over the past four years lets break down the ch... View the full answer