Constellation Brass Sheds More Light on Acquisitions, Portfolio Makeup

Constellation Brands delivered yet another good quarter as wine and spirits organic sales were up 8% for the three months ended August 31. The Constellation focus brands (Kim Crawford, Black Box, Clos du Bois, Ruffino, The Dreaming Tree and Woodbridge by Robert Mondavi etc.) achieved 9% depletion growth for the quarter.Shipments (sales to distributors) have outpaced depletions (sales to retailers) during the first half of the year, but Constellation says the two are expected to be aligned by the end