Constellation Brands, Inc. (STZ) Q3 2024 Earnings Call Transcript


Constellation Brands, Inc. (NYSE:STZ) Q3 2024 Earnings Call Transcript January 5, 2024 10:30 AM ET

Company Participants

Joseph Suarez – SVP of IR

Bill Newlands – CEO

Garth Hankinson – CFO

Conference Call Participants

Nik Modi – RBC Capital Markets

Bonnie Herzog – Goldman Sachs

Kaumil Gajrawala – Jefferies

Bryan Spillane – Bank of America

Nadine Sarwat – Bernstein

Chris Carey – Wells Fargo

Dara Mohsenian – Morgan Stanley

Andrea Teixeira – JP Morgan

Rob Ottenstein – Evercore

Lauren Lieberman – Barclays

Filippo Falorni – Citi

Gerald Pascarelli – Wedbush

Peter Grom – UBS

Andrew Strelzik – BMO

Bill Kirk – Roth

Bill Chappell – Truist Securities


Greetings. Welcome to the Constellation Brands Third Quarter Fiscal Year 2024 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to your host, Joseph Suarez, Senior Vice President of Investor Relations. Thank you. You may begin.

Joseph Suarez

Thank you, Darryl. Good morning all and happy new year. Welcome to Constellation Brands Q3 fiscal ’24 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 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

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