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 “Inventory”; 1 quoted, at least 25 words apart.
…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…
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…
…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…
…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…
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