Constellation’s Sights Set on Top Three Position in Seltzer

Dear Client:  Constellation’s second quarter earnings call lasted just under an hour yesterday, and of that 60 minutes it’s probably fair to guess that at least a quarter of it was dedicated to seltzer talk. In fact, the word “seltzer” was mentioned more times during the call (45) than: “beer” (33), “wine” (33) or “spirits” (28). Hell, “seltzer” was uttered more times than “quarter” (43) on a quarterly earnings call.  Sounds crazy, but shoot, the company rolled a single seltzer