[ad_1]
Constellation Brands Inc. isn’t discouraged by a trend away from wine drinking, as Chief Executive Officer Bill Newlands said he’s confident it can improve performance in that area — with a search for a new division leader underway.
“Broader category deceleration” in the wine industry was the main reason the company lowered guidance for its wine and spirits category during its third-quarter results Friday, Newlands said in a conference call. “We’re certainly not happy about it.”
[ad_2]
Source link