Corona Hard Seltzer Lifts Constellation Brands' Q2 Sales
Constellation Brands (NYSE: STZ) still has a solid portfolio on its hands. The recently launched Corona brand hard seltzer was a key factor behind that success. Overall, the Corona franchise posted double-digit sales gains and the Modelo and Pacifico brands contributed to the company's 5% depletion rate (an industry metric for sales) for the period.