Constellation Brands (NYSE: STZ), a maker of premium beer, wine, and spirits, hit a rough patch, with its fiscal first-quarter 2021 (the period ended May 31, 2020) sales falling 4% compared to a year ago, after excluding sold businesses, to under $2 billion. Across the industry, beer sales have been dented by hard seltzer drinks. Fortunately, Constellation's management has shown it can change with the times, introducing Corona Hard Seltzer in March.
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