Constellation Walking a “Delicate Line” on Pricing

Dear Client: There were lots of questions on pricing during Constellation’s earnings call yesterday, but not a lot of movement on the company’s stance.  Constellation chief Bill Newlands assured listeners that they are monitoring the environment “almost on a daily basis,” and will be “ready to adjust [their] approach if that proves to be necessary or appropriate.” Still, there are no plans to change their long-term algorithm of 1% to 2% increases, as they believe the strategy “works well” for