Constellation W&S Biz Presents a “Tale of Two Halves”

Dear Client: Constellation Brands reported a net sales increase of 7% for the second quarter ended August. Once again, overall performance was driven by growth in the company's beer business, while its wine & spirits business continues to report double digit declines.  Wine & spirits net sales were down 14% in Q2, with shipments down 17.6% and depletions down nearly 8%. However, Constellation brass are unperturbed, and expect improvement in the second half of the fiscal year.  "Prioritized investments in