Constellation Brands: FY26 Q3 earnings call, Jan 8, 2026
On its Jan 8, 2026 earnings call (FY26 Q3), Constellation Brands said 6 of the 10 words Kalshi listed; Parrot’s count agreed with all 10 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
10 words · 6 settled yes · our count agreed on 10 of 10- Kalshi: company speakers + operator
Kalshi
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Headwind | Yes | 11 | 12 | ✓ | 89%transcripts from the transcript model | – |
| Tariff | Yes | 11 | 11 | ✓ | 79%transcripts from the transcript model | – |
| Depletion / Depletions | Yes | 3 | 7 | ✓ | 87%transcripts from the transcript model | – |
| Inventory | Yes | 1 | 1 | ✓ | 76%transcripts from the transcript model | – |
| California | Yes | 1 | 1 | ✓ | 70%transcripts from the transcript model | – |
| Holiday | Yes | 1 | 1 | ✓ | 25%transcripts from the transcript model | – |
| Inflation | No | 0 | 0 | ✓ | 75%transcripts from the transcript model | – |
| Especial | No | 0 | 0 | ✓ | 65%transcripts from the transcript model | – |
| Dividend | No | 0 | 0 | ✓ | 62%transcripts from the transcript model | – |
| ICE | No | 0 | 0 | ✓ | 16%transcripts from the transcript model | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 20, 2026 15:46 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
1 match for “Holiday”; 1 quoted, at least 25 words apart.
…there was a very strong result against our business around the Christmas holiday. Noting, of course, that that's a great reflection of the strength of…
Where the listed words were said
…starting with Q3 margins. As you indicated, volume declines certainly were a headwind in the quarter. Additional headwinds in the quarter were tariffs, as you…
…as additional assets come online or are put into service. And then tariffs will be a further headwind in Q4, really related to a couple…
Relative to your question related to depletions, I think a couple of things to keep in mind that you don't always see. Some of the…
…to tariffs as to when the tariff gets accrued and goes into inventory and then when it gets released in the P&L. And that will…
…a very similar approach. It's the #2 brand in the State of California today. It skews younger relative to our overall portfolio and really has…
Agents: this page as TSV at /api/v1/appearances/constellation-brands:2026-01-08:earnings_call · words: /api/v1/brief?appearance=constellation-brands:2026-01-08:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP