Beer and Spirits Outshine Constellation’s Wine Portfolio in Fiscal 2015

Constellation Brands' year-end earnings call this morning was largely in-line with the trends we've seen from the company all year. The group delivered 24% net sales growth reaching $6 billion for the year ended February 28, but the driving force behind the company was its beer portfolio, not wine and spirits. The wine and spirits portfolio eked out a 1.8% organic sales increase, but volumes dropped by 1.2%. In terms of depletions (sales to retailers) Constellation's wine and spirits business