date:Jul 04, 2014
beer segment operating income growth in the range of 25 to 30 percent, said Sands. (1)
Wine and spirits net sales on a constant currency basis decreased one percent. This reflects lower shipment volume primarily resulting from planned distributor inventory destocking, partially offset by the recognition of an agreed upon make whole distributor payment associated with this destocking activity, as well as favorable mix. While first quarter depletion trends were impacted by some inventory destocki