Distribs: Constellation, So Hot Right Now

Dear Client:Wells Fargo analyst Bonnie Herzog recently surveyed "beer wholesalers that collectively service 150K+ retail outlets" to get a feel for the current state of the industry.Here are Bonnie's top five trends from the survey:Canned imports and craft "are hot," but craft overall is slowing.The "entire beer industry faces headwinds from Wine & Spirits. But STZ appears to be best positioned," according to "several" distribs.Industry consolidation will continue, wholesalers say, especially in craft. "Many" of them say a tie-up between