Constellation Depletions Accelerated in December and Other Earnings Call Highlights

Dear Client: Another quarter, the turn of a new year, and all is strong with Constellation Beer. The brewer reported another set of solid results for its beer business in its third quarter earnings yesterday, with depletions up more than 8%.  Modelo Especial, which chief Bill Newlands called “the brightest star in our portfolio” on yesterday’s call, continues to drive much of that growth, with brand depletions up over 13% in the quarter – that’s “more than 5 million cases