Constellation’s Fiscal ’21 a “Year of Significant Progress” for W&S Biz

Dear Client: Constellation Brands ended its fiscal year (ended February 28) with total net sales up 3%. The company's wine and spirits business reported depletions down 2.8% and net sales down 7% for the year. But on an organic basis, wine and spirits net sales were up 2%.  "Fiscal 2021 was a year of significant progress for our wine & spirits business," said chief Bill Newlands on this afternoon's earnings call. "The Gallo deal and related divestitures allowed us to