Why Constellation Beer is Confident in the Year Ahead

Dear Client: One common theme of Constellation's full fiscal year and Q4 2023 results: Asking brass what gives them confidence to hit their 7%-9% beer net sales growth guidance for fiscal ’24 – “particularly in light of the broad deceleration in consumption called out by retailers in March,” as one caller noted.  Chief Bill Newlands gave some color on promising early year trends in big markets like Florida and Texas, even as he called out challenges in their biggest market