STZ Blows Out Beer Shipments, Depletions Growth in Q4

Dear Client: It’s hard to believe that it’s only been a few months — since early January, at Q3 earnings -- that Constellation announced “a brand authorization agreement” with The Coca-Cola Company in the U.S. to bring its current “fastest growing soft drink trademark,” FRESCA, into beverage alcohol.* That news almost upstaged a good quarter, as we wrote in Jan: Q3 Beer shipments were up only 3% — but lapping 28% growth in the comp. And beer depletions were still