Constellation Beer Volume Returned to Growth in Q4

Dear Client: After a short spell of negative quarterly trends, Constellation Beer volume returned to growth - by a hair - in its fiscal Q4 results today (the three months ended February 28). The company reported beer depletions up 0.6% in the quarter and shipments up 1.1%. Net sales for its beer business grew 1% over the frame off the back of shipment growth and "favorable pricing," though "partially offset by unfavorable mix." Recall, it was at this time last