STZ Sees “Strong Start” to Fiscal Year, Even Posting Positive W&S Growth

Dear Client:    Constellation Brands reported a strong start to its fiscal year, with total net sales up 17% for the first quarter ended May 31. The company's wine and spirits business also posted positive growth for the quarter, with net sales up 2%.   WHAT'S DRIVING W&S GROWTH. Net sales growth was driven by a combination of increased shipments and favorable price mix, according to cfo Garth Hankinson. Depletions were up 1% for the quarter, with fine wine and craft