Constellation Brands (STZ) CEO William Newlands on Q3 2022 Results - Earnings Call Transcript

Constellation Brands (NYSE:STZ) Q3 2022 Earnings Conference Call January 6, 2022 10:30 AM ET

Company Participants

Patty Yahn-Urlaub - Senior Vice President of Investor Relations
William Newlands - Chief Executive Officer
Garth Hankinson - Chief Financial Officer

Conference Call Participants

Dara Mohsenian - Morgan Stanley
Vivien Azer - Cowen and Company
Kaumil Gajrawala - Credit Suisse
Bonnie Herzog - Goldman Sachs
Bryan Spillane - Bank of America
Chris Carey - Wells Fargo Securities
Lauren Lieberman - Barclays Investment Bank
Nik Modi - RBC Capital Markets
Robert Ottenstein - Evercore ISI
Sean King - UBS
Kevin Grundy - Jefferies
Steve Powers - Deutsche Bank
Nadine Sarwat - Sanford C. Bernstein
Andrea Teixeira - JPMorgan Chase & Co.
Laurent Grandet - Guggenheim Partners
Bill Chappell - Truist Securities

Operator

Welcome to the Constellation Brands Q3 FY 2022 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode. Following prepared remarks, the call will be placed for your questions. Instructions will be given at that time.

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

Patty Yahn-Urlaub

Thanks, Valerie. Good morning, and welcome to Constellation’s Third Quarter Fiscal 2022 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 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 www.cbrands.com.

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 Bill, similar to prior quarters, I would like to ask that we limit everyone to one question per person which will