Constellation Brands' (STZ) CEO Robert Sands on Q1 2018 Results - Earnings Call Transcript

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Constellation Brands, Inc. (NYSE:STZ) Q1 2018 Earnings Conference Call June 29, 2017 10:30 AM ET


Patty Yahn-Urlaub - VP of IR

Rob Sands - President and CEO

David Klein - EVP and CFO


Dara Mohsenian - Morgan Stanley

Vivien Azer - Cowen

Nik Modi - RBC Capital Markets

Judy Hong - Goldman Sachs

Andrea Teixeira - JPMorgan

Stephen Powers - UBS

Mark Swartzberg - Stifel Nicolaus

Tim Ramey - Pivotal Research

Robert Ottenstein - Evercore

Laurent Grandet - Credit Suisse

Stephanie Spinner - SunTrust

Caroline Levy - Macquarie


Welcome to the Constellation Brands First Quarter 2018 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode. Following the prepared remarks, the call will be opened for your question. Instructions will be given at that time. [Operator Instructions].

I will now turn the call over to Patty Yahn-Urlaub, Senior Vice President of Investor Relations. Please go ahead.

Patty Yahn-Urlaub

Thanks, Laurie. Good morning and welcome to our first quarter fiscal 2018 conference call. I am Patty Yahn-Urlaub from Investor Relations and I’m here this morning with Rob Sands, our President and Chief Executive Officer; and David Klein, our Chief Financial Officer.

As a reminder reconciliations between the most directly comparable GAAP measure 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 we make on this call.

Before turning the call over to Rob, I would like to ask that we limit each Q&A session participant to one question, one versus two prior, which will help us to end our call on schedule. Thanks, in advance and now, here is Rob.

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