STZ Doubling Down on Largest W&S Brands to Drive F25 Improvement

Dear Client: Constellation Brands reported net sales growth of 5% for the full fiscal year ended February. Growth was yet again driven by its beer business, which recorded 9% net sales growth for the year.  Meanwhile, Constellation's wine and spirits business reported a net sales decline of 9% for the fiscal year, driven by "unfavorable US wholesale performance, particularly across our mainstream and premium brands," noted cfo Garth Hankinson on this morning's earnings call. Declines were partially offset by a