Constellation Beer Q2 Depletions up 8%, Net Sales up Almost 13%

Dear Client:Constellation Beer pulled out yet another impressive quarter: Q2 shipments (the three months ended Aug 31) were up 11.7%. Depletions were up 8.1%. Net sales for the period were up almost 13%. That puts shipment and depletion growth rates in the 9 - 10% range for the first half of the year. (Recall, Q1 shipments had been up 7%, with depletions up 11.6%.)The company highlighted the Modelo brand family's contribution to growth over the summer, "with depletion growth of