Constellation (STZ) Q4 2026 Earnings Transcript

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DATE

Thursday, April 9, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Outgoing Chief Executive Officer — William Newlands

• Incoming President and Chief Executive Officer — Nicholas Fink

• Chief Financial Officer — Garth Hankinson

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Full Conference Call Transcript

William Newlands: Thanks, Blair, and bully morning, everyone. I'm going to marque a fewer opening comments earlier we get into Q&A. But first, I'd similar to walk it implicit to Nick Fink our President and CEO elite for a fewer little comments. Nick, lukewarm welcome. Nick volition presume the relation connected April 13, and we are pleased to person him with america contiguous to accidental a fewer words earlier we get started. Nick?

Nicholas Fink: Thank you, Bill, and bully morning, everyone. I'd similar to commencement by recognizing Bill's enactment implicit the past 7 years arsenic CEO and successful total, his 11 years of contributions to Constellation Brands. He strengthened the instauration of the institution successful meaningful and lasting ways, and I've valued our concern during my clip connected the board. I look guardant to continuing to enactment intimately with him implicit the coming months to guarantee a seamless modulation arsenic helium moves into his relation arsenic a strategical adviser. I'm honored to measurement into the CEO relation adjacent week astatine specified an important clip for our business.

Constellation enters this section from a presumption of spot with a starring portfolio successful high-end beer, a reshaped vino and spirits business, best-in-cost selling and income capabilities and a proven playbook that continues to present accordant stock gains twelvemonth aft year. While the user scenery remains dynamic, I firmly judge that we are good positioned to proceed delivering for our consumers, employees, distributors and shareholders implicit the agelong term. Having served connected the Board for the past 5 years, I've been intimately progressive successful our cardinal strategical and operational priorities. That position gives maine beardown condemnation successful our strategy and successful our quality to execute going forward.

We volition proceed to beryllium insights-driven and user obsessed, thin into our strengths successful beer, allocate superior with subject and make beardown currency travel portion thoughtfully navigating an evolving user landscape. As I formally assumed the relation connected April 13, I look guardant to spending clip with our operators, distributors and galore of you successful the concern assemblage to summation an adjacent deeper knowing arsenic we statesman to signifier the adjacent signifier of our maturation travel ahead. I'll adjacent by reiterating my assurance successful this business, successful our iconic marque portfolio, our way to marketplace and consumer-led marketing, our best-in-class operations and astir importantly, our talented people.