Constellation Beer Q2: Strong Trends Spur Net Sales Projections Hike

Dear Client: Constellation Beer reported yet another good quarter for its fiscal Q2 period, the three months ended August 31.  Largely in line with both the prior quarter, and the YA comparison, Q2 beer depletions were up 9% (matching the prior quarter trend), while shipments grew 12.1%. Net sales were up 15%.  A SLIGHT UPWARD ADJUSTMENT TO NET SALES PROJECTIONS. The continued strong trends caused STZ Beer to adjust its net sales growth projection slightly upward for FY '23, to