A TOAST TO SOME TOP-SHELF TIPPLES, Business Week

21 Dec 2005

  Spirits and wine outfits have plenty of reasons to expect strong growth, with Constellation Brands' prospects brighter than most.

Standard & Poor's has a positive fundamental outlook on the group, part of the consumer-staples sector. However, prospects differ among the individual segments that make up the alcoholic-beverages group. We expect the growth rates of distiller and vintner companies to continue to outpace that of their beer counterparts for at least the next 12 months, fueled by favorable demographic trends, aggressive marketing for both the home consumption and bar/restaurant markets, product innovation, and the continuation of "trading-up" trends -- especially for imported brands.

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