Constellation Gaining on Many Fronts

Dear Client: One might have expected Constellation Beer to have done well in Q1, due to our extensive coverage of recent scans. But they’re accelerating on more fronts than just Modelo Especial, with promising geographic trends, pricing architecture and better-than-expected Oro traction.   In opening remarks, chief Bill Newlands noted that their Q1 5.5% depletion number represented an acceleration throughout the quarter “that has continued into June.”  That result was supported by their  “unrelenting push to increase distribution” as well as