It’s Modelo Especial

Dear Client: Constellation completed its acquisition of Grupo Modelo's U.S. beer business from ABI for $4.75 billion on June 7. So that's done. For their fiscal first quarter 2014 (March through May 2013), Crown generated net sales of $762 million, up 5%, and operating income of $134 million, up 9%, generated by 3% depletion growth and increased pricing "taken in select U.S. markets last fall." Volumes were driven by Modelo Especial, Corona Light and Pacifico. But really, "it is Modelo