Constellation Beer Promises “Year of the Can”

Dear Client: This morning Constellation Beer reported that its fiscal year 2015 net sales were up 12%, "primarily due to volume growth and favorable pricing." Q4 beer segment net sales were up 11%. Fiscal year 2015 beer depletions were up 8%. But Q4 beer depletions were up a little more than 9%. (CFO Bob Ryder shared that they saw pricing benefit in the quarter, but it was slightly offset by adjustments to sales related to the beer recall and "other