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$STZ 1Q16 Call – Robert, CEO: We experienced improving depletion & take away transfer in US Wine business, posted better-than expected results in Canada and delivered excellent dollar sales & depletion growth in Spirit brands. We successfully maintained margins for Wine and Spirits after delivering operating margin expansion of 130 bps in FY15.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.