STZ Brass Explains “Recent Series of Headwinds” But Confident in Bounceback

Dear Client: Recent growth for Constellation Beer may look a little different than we’ve been accustomed to, but its growth still stands at the top and comes in a variety of ways, CEO Bill Newlands hammered home on yesterday’s earnings call. STILL LEADING GROWTH IN BEER. Indeed, while depletion and shipment results for Q3 came in a little slower yesterday (at +5.7% and +2.7%, respectively), Constellation Beer still grew faster than any other supplier over the quarter, with Bill highlighting