Rob Sands: “Extremely Healthy Consumer Trade Up” at Food and Drug Stores

Dear Client: Second quarter results ended August 31 were "particularly gratifying," said Constellation chief Rob Sands, as the company starts to "reap the rewards" of their work for the past 2 years - namely their new consolidated distributor network. Rob noted this is Constellation's second consecutive quarter that the US wine business "benefitted from volumes and depletions." Wine net sales grew 4% in North America, helped by product mix and an increase in volume that was partially offset by higher