Dear Client: In yesterday's fiscal Q2 earnings call, Constellation brass emphasized all the reasons to believe in a “very strong second half” for their beer portfolio, considering shelf space gains, promising trends for new and old brands alike (Modelo Especial, Oro, Chelada), and strong overall acceleration seen in summer. But they also tempered expectations ever so slightly for the second half, as they typically ship slightly less beer volumes in the back end of the year, and are lapping last
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