Constellation on Crown

Constellation Brands released their fiscal fourth quarter ending February 28 (and fiscal year 2007 also ending Feb. 27). It's a bit complicated on the beer side because the newly formed joint venture with Grupo Modelo, Crown Imports, was created on January 2, (so only one month with entire country), and because it is now included on the equity line, reported beer sales are apples to oranges. But adjusting for all that, it appears that Crown's beer sales ended up 15%