That collection of brands grew 14% from 2017-2018 and amassed $4.5 billion last year. It's almost twice as much as what Constellation was moving in foreign brands in 2013. A large part of that was the wild success of Corona Premier, a Michelob Ultra competitor that had its first full year of sales in 2018 and brought in $155 million in IRI sales across grocery, convenience, and other stores. Even more excitement comes from Modelo: that family of brands grew 18% year-to-year in 2018 and accounted for just more than $1.2 billion.

Less exciting are Ballast Point’s returns, which declined in dollar sales in 2017 and 2018 after hitting a high of $63.6 million in 2016, a year after the brewery was acquired by Constellation. It sold just under $51 million in 2018. (Meanwhile, in news that will please beer drinkers looking to watch their caloric intake as much as the stakeholders watching these declining sales, the company announced Ballast Point Lager yesterday.) Funky Buddha, on the other hand, has made up for some of the loss with an increased distribution footprint. The brewery almost doubled its sales 2017-2018, selling $6.2 million last year.

Over on the New York Stock Exchange, Canopy Growth is mostly up right now after a rollercoaster past year. And by at least one analysis, it’s set up for "global domination." So while things may seem a little off for Constellation, which has experienced relatively unstoppable growth for years, the latest news may not be as bad as it seems.

The real focus going forward shouldn’t just be on the company’s wine and spirits portfolio as it works to “rightsize” any sales slumps, but should also include Ballast Point. That business, which was among the earliest adopters of IPA variants for its Sculpin brand, will need extra attention to turn things around. Bonito Blonde Ale doubled its volume last year, and Fathom IPA is rising fast, not too far off in package sales from the long-tenured Sculpin flagship.

Or maybe the solution will come from the aforementioned Ballast Point Lager, marketed specifically for its 99 calories at a time when “better for you” is hot, hoping to help the company complete a hat trick in a beer industry obsessed with the constant pursuit of novel.