Constellation Moving on from Mexicali and More Q4 Highlights

Dear Client: Constellation’s fourth quarter and full year results for its fiscal 2021 are in. So how’d the company’s beer business fare?  Not too shabby, per usual. Constellation’s beer business posted depletion growth of 6.4% in its fourth quarter (the three months ended February 28), and when adjusted for one less selling day in the quarter (2020 was a leap year), the beer business generated 7.5% depletion growth. (Note that Constellation faced a tough comp in this particular quarter too