Constellation’s wine and spirits FY sales drop 6%

US drinks group Constellation Brands reported a 6.4% net sales decline for its wine and spirits business in fiscal 2020. In the year ending 29 February 2020, Constellation Brands’ net sales were up 3% to US$8.34 billion. Net sales of wine and spirits reached US$2.72 billion during fiscal 2020, while wine and spirit sales for the three months ending 29 February 2020 grew 1.2% to US$715.4 million. In the financial update, Constellation Brands released its…

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