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Constellation Brands, Inc. (STZ) Q2 2025 Earnings Call Transcript

Constellation Brands, Inc. (NYSE:STZ) Q2 2025 Earnings Conference Call October 3, 2024 10:30 AM ET

Company Participants

Joseph Suarez – SVP, IR
Bill Newlands – CEO
Garth Hankinson – CFO

Conference Call Participants

Kaumil Gajrawala – Jefferies
Dara Mohsenian – Morgan Stanley
Bonnie Herzog – Goldman Sachs
Nik Modi – RBC Capital Markets
Andrea Teixeira – JPMorgan
Peter Grom – UBS
Michael Lavery – Piper Sandler
Filippo Falorni – Citi
Robert Moskow – TD Cowen
Bill Kirk – ROTH Capital Partners

Operator

Hello, and welcome to the Constellation Brands’ Q2 Fiscal Year 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

It’s now my pleasure to turn the call over to Senior Vice President, Investor Relations, Joe Suarez. Please go ahead, Joe.

Joseph Suarez

Thank you, Kevin. Good morning all, and welcome to Constellation Brands’s Q2 fiscal 2025 conference call. I’m here this morning with Bill Newlands, our CEO; and Garth Hankinson, our CFO. As a reminder, reconciliations between the most directly comparable GAAP measures and any non-GAAP financial measures discussed on this call are included in our news release or otherwise available on the company’s website at www.cbrands.com. Please refer to the news release and Constellation’s SEC filings for risk factors which may impact forward-looking statements made on this call. Following the call, we’ll also be making available in the Investors section of our company’s website a series of slides with key highlights of the prepared remarks shared by Bill and Garth in today’s call.

Before turning the call over to Bill, in line with prior quarters, I would like to ask that we limit everyone to one question per person, which will help us to end our call on time. Thanks in advance.

And now, here’s Bill.

Bill Newlands

Thanks, Joe, and welcome to our Q2

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