Constellation Speaks on Crown
New Belgium Picks a Spot

Dear Client:Constellation reported their fiscal year (through Feb), and Crown posted sales up 9% in Dec - Feb fourth quarter. Not much new information on the call that we haven't already covered, except that for the fiscal 2013, Constellation chief Rob Sands said he sees volume moderating to low single digits (higher for calendar year, since they had a great January and February).PRICING. "I would say in beer pricing Crown did take pricing in the Fall of 2011," said Rob