Constellation Drove Beer’s Biggest C-Store Gains for Memorial Day

Dear Client:According to a proprietary Wells Fargo retailer survey representing some 15,000 c-store outlets, beverage sales were up 5.5% during Memorial Day, vs. up 4.9% last year. Nearly "90% of retailers reported higher sales this Holiday weekend vs last year," per report. The survey left the bank feeling "broadly encouraged" headed into Q2 for bother beverage manufacturers and c-store retailers.Two other interesting survey takeaways:CONSTELLATION WAS "KEY DRIVER" OF BEV ALC RESULTS, which are up around 3-4% YTD. But "Constellation Brands