Constellation Bumped to No.3 in Super Luxury Wine

Constellation Brands kicked off fiscal year 2017 on a positive note with strong beer and wine depletions, for the first quarter ended May 31. The company reported a net sales growth of 15%, primarily due to the "acquisition benefits" from Ballast Point and Meiomi.DEPLETIONS UP 5%. Wine and spirits net sales increased 8% for the quarter, "driven by core focus brands and building momentum across multiple price segments," said chief Rob Sands on the earnings call. US depletions (sales to