Constellation Chief: Wine Not Ugly Stepchild (it Just Looks that Way)

Constellation Brands' net sales were up 10% for the second quarter ended August 31, which chief Rob Sands said was mostly driven by the beer business. After starting off the fiscal year in the red, the wine and spirits business showed improvement in Q2, with volumes up 8.8% and net sales up 9.3%.Rob emphasized that their wine business is strong. "It only looks like the ugly stepchild in comparison to the beer business," he joked on this morning's earnings call.You