Rob Sands: Wine More Robust than Ever

Constellation Brands delivered 6% sales growth in the third quarter ended November, bringing in a hefty $1.64 billion. Much of the momentum was attributed to its beer division, which is on fire right now. Though the wine and spirits division did grow organic sales by 3%, driven by the Meiomi acquisition, favorable mix and lower cost, according to cfo David Klein on the company's earnings call this morning. Q3 PERFORMANCES. In the US, wine and spirits depletions (sales to retailers)