NEW YORK (TheStreet) -- Constellation Brands(STZ) - Get Report  shares are up nearly 3% after the company's stellar earnings report. 

The beer and spirits company topped analysts' expectations for earnings and revenue, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment. 

Constellation Brands is one of Cramer's favorites. He called it "such a good company," adding that CEO Robert Sands is an "incredible operator." 


Constellation Brands STZ data by YCharts

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Revenue were higher and so were volumes, meaning the company sold more beer than in the same quarter last year, Cramer said. Margins improved, too. Constellation has operating leverage despite the stock price having had a big run over the past year, up 58%, he said. 

Constellation's impressive results come at a time when a mega-merger between Anheuser-Busch Inbev(BUD) - Get Report and SABMiller is still not a done deal. SABMiller has already rejected one sweetened offer.

In addition, if the merger is to come to pass, SABMiller would likely have to sell its stake in Molson Coors Brewing Company (TAP) - Get Report  to gain approval from the U.S. Justice Department, Cramer concluded. 

This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.