Constellation Expecting H2 Turnaround Amidst W&S Overhaul

Dear Client: Constellation Brands reported net sales growth of 6% for the first quarter of fiscal year 2025, ended May. It's the same story this quarter as it has been for several consecutive quarters– overall performance was propped up by a strong showing from beer and weighed down by wine and spirits.  Overall wine and spirits net sales declined 7%, driven by a 5.1% decrease in shipment volumes. Constellation cfo Garth Hankinson noted on this morning's earnings call that shipments