Innovation and Digital Initiatives Drive Constellation’s W&S Growth

Dear Client:   Constellation Brands reported a net sales increase of 22% for its third quarter ended November 30. The company's wine and spirits business showed marked improvement in the quarter, with net sales up 10% and shipment volume up 3.1%.   Constellation's Power Brands (Meiomi, Kim Crawford, Svedka, etc.) reported 4% depletion growth for the quarter.  "Q3 net sales results outperformed our previously communicated expectations, primarily due to incremental shipments from the brands recently divested driven by the timing of