Constellation Beer Q4 Depletions Up about 11%

Dear Client:  Constellation Q4 and full year earnings just hit.  For fiscal year 2020, which ended February 29 (a week or two before the U.S. was turned upside down by the current climate), their Beer division saw 8% import depletion growth, and overall depletion growth of 7.5%. Q4 alone saw import beer depletions up 11.4%%, and overall depletions up 10.8%. That's a nice bump from the previous quarter, which saw overall beer depletion growth of 7.3%. Those results were driven