Constellation Confident in Growth Ahead

Dear Client: You might have noticed that in very recent weeks of scans, Constellation Beer has been growing at a slightly less clip.  At the Morgan Stanley Global Consumer and Retail Conference yesterday, Constellation CFO Garth Hankinson was asked about this “recent short-term volatility” in scans and the “underlying drivers” behind it. Before diving into his response, Garth made it clear that despite the volatility, their beer business “remain[s] on track” to deliver their full year guidance on depletions &