STZ Sees Improvement in Q4, But “Remains Realistic” About Outlook

Dear Client: Constellation Brands reported a total net sales decrease of 4% on an organic basis for the fiscal year ended February, impacted by macroeconomic headwinds. That said, they saw improved momentum in Q4, with total sales flat on an organic basis for the quarter. Breaking it down further, net sales for the beer business were down 3% for the fiscal year and up 1% in Q4. Meanwhile, the wine & spirits business was heavily impacted by the latest divestitures,