Constellation Brands Inc at Morgan Stanley Global Consumer & Retail Conference Transcript

Jan 23, 2024

Dec 05, 2023 / 06:30PM GMT
Dara Warren Mohsenian - Morgan Stanley, Research Division - MD

All right. Welcome, everyone. I'm Dara Mohsenian, Morgan Stanley's beverage and household products analyst. Just before we get started, I'll give you the research disclosures, which are, please see Morgan Stanley's research website at www.morganstanley.com.

With that, I'm very pleased to welcome Constellation Brands here today and Garth Hankinson, Constellation's CFO.

Constellations had a great track record of growth over the last, really, decade driven by their beer business and Modelo Especial has become the #1 beer in the U.S. in off-premise retail sales this year.

So very pleased to have Garth here with us. Thank you for being here.

Garth Hankinson - Constellation Brands, Inc. - Executive VP & CFO

Thank you, Dara.

Questions and Answers:

Dara Warren Mohsenian - Morgan Stanley, Research Division - MD

So first, I thought, clearly, Constellation

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