Constellation Shrugs Off Softer Q2, Remains Optimistic On Back Half

Dear Client:  After turning in softer quarterly results than usual for its beer biz yesterday, Constellation execs used the subsequent earnings call to explain and reassure that this is nothing more than a blip, or as chief Bill Newlands put it: “purely a near-term issue.” The brass maintained that trends are already coming back in line, and some of the macro-drags affecting Q2 results will soon clear up; mix in a coming increase in marketing spend, and the company feels