Constellation Flags Two Big Headwinds and One Key Response

Dear Client: There’s been a vast array of headwinds detailed by execs in recent months, but Constellation brass said at Goldman Sachs’ Global Staples Forum yesterday that the basis of their current outlook boils down to just two. Granted, one is quite encompassing in the “macroeconomic backdrop.” MACRO BACKDROP NOT PROVIDING EXPECTED TAILWINDS. Between increases in unemployment and continuous concerns of inflation last year, to now disposable income growth hitting two-year lows to start the year, as well as GDP