Constellation Brands: FY27 Q1 earnings call, Jul 1, 2026
On its Jul 1, 2026 earnings call (FY27 Q1), Constellation Brands said 17 of the 31 words Kalshi and Polymarket listed; Parrot’s count agreed with all 31 settlements. Quotes below are at most 25 words each, with timed clips.
UpdatedMarkets
31 words · 17 settled yes · our count agreed on 31 of 31- Kalshi: company speakers + operator
Kalshi - Polymarket: anyone
Polymarket
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 | Clip | Market |
|---|---|---|---|---|---|---|---|
| Consumer | Yes | 44 | 44 | ✓ | 96%transcripts from the transcript model | Hear it 1:54, Consumer | – |
| Beer 5+ times | Yes | 13 | 13 | ✓ | 85%transcripts from the transcript model | Hear it 6:48, Beer 5+ times | – |
| Headwind | Yes | 11 | 14 | ✓ | 94%n=2+tx from settlement history blended with transcripts | Hear it 11:34, Headwind | – |
| Margin | Yes | 9 | 9 | ✓ | 96%transcripts from the transcript model | Hear it 13:33, Margin | – |
| Shipment | Yes | 8 | 8 | ✓ | 52%transcripts from the transcript model | Hear it 13:40, Shipment | – |
| Marketing | Yes | 5 | 5 | ✓ | 89%transcripts from the transcript model | Hear it 15:20, Marketing | – |
| Fiscal 5+ times | Yes | 5 | 5 | ✓ | 76%transcripts from the transcript model | Hear it 0:00, Fiscal 5+ times | – |
| World Cup | Yes | 5 | 8 | ✓ | 49%transcripts from the transcript model | Hear it 12:22, World Cup | – |
| New York | Yes | 4 | 4 | ✓ | 16%transcripts from the transcript model | Hear it 12:27, New York | – |
| Distributor | Yes | 3 | 3 | ✓ | 80%transcripts from the transcript model | Hear it 6:00, Distributor | – |
| Depletion / Depletions | Yes | 3 | 4 | ✓ | 77%n=2+tx from settlement history blended with transcripts | Hear it 35:39, Depletion / Depletions | – |
| California | Yes | 3 | 3 | ✓ | 76%n=2+tx from settlement history blended with transcripts | Hear it 31:18, California | – |
| Especial | Yes | 3 | 5 | ✓ | 57%n=2+tx from settlement history blended with transcripts | Hear it 22:37, Especial | – |
| Inflation | Yes | 2 | 2 | ✓ | 38%n=2+tx from settlement history blended with transcripts | Hear it 31:26, Inflation | – |
| Wine | Yes | 1 | 1 | ✓ | 86%n=1+tx from settlement history blended with transcripts | Hear it 18:21, Wine | – |
| Football | Yes | 1 | 1 | ✓ | 41%transcripts from the transcript model | Hear it 15:55, Football | – |
| Mi Campo | Yes | 1 | 1 | ✓ | 34%transcripts from the transcript model | Hear it 2:20, Mi Campo | – |
| Alcohol 5+ times | No | 3 | 3 | ✓ | 10%transcripts from the transcript model | Hear it 8:42, Alcohol 5+ times | – |
| Wine 5+ times | No | 1 | 1 | ✓ | 59%transcripts from the transcript model | Hear it 18:21, Wine 5+ times | – |
| Tariff | No | 0 | 0 | ✓ | 88%n=2+tx from settlement history blended with transcripts | – | |
| Sunbrew | No | 0 | 0 | ✓ | 85%transcripts from the transcript model | – | |
| Inventory | No | 0 | 0 | ✓ | 83%n=2+tx from settlement history blended with transcripts | – | |
| Aluminum | No | 0 | 0 | ✓ | 70%n=1+tx from settlement history blended with transcripts | – | |
| Shareholder | No | 0 | 0 | ✓ | 63%transcripts from the transcript model | – | |
| Construction | No | 0 | 0 | ✓ | 47%transcripts from the transcript model | – | |
| Dividend | No | 0 | 0 | ✓ | 46%n=2+tx from settlement history blended with transcripts | – | |
| Cannabis | No | 0 | 0 | ✓ | 28%n=1+tx from settlement history blended with transcripts | – | |
| Mexico | No | 0 | 0 | ✓ | 25%transcripts from the transcript model | – | |
| Drought | No | 0 | 0 | ✓ | 16%transcripts from the transcript model | – | |
| Surge | No | 0 | 0 | ✓ | 16%transcripts from the transcript model | – | |
| ICE | No | 0 | 0 | ✓ | 11%n=2+tx from settlement history blended with transcripts | – |
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 21, 2026 04:22 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
13 matches for “Beer”; 5 quoted, at least 25 words apart.
…a brand like Corona, where the brand metrics are phenomenal. Most loved beer brand. We've got great distribution, we've got great awareness. Really, brand health…
…some lift from that. Even just more importantly, consumers engaging in that beer occasion, coming together in the on-premise, in the off-premise. The pictures from…
…like you enjoyed this quarter with the gross margins, the margins for beer at 39%. I just wanted to talk a little bit about the…
…taking the blinders off of not just thinking about our brands as they compete versus another beer or to be even more narrow, Mexican beer.
Understanding against other, not just other beers for the beer brands, but could apply to the wine spirits as well, but not just within your…
Where the listed words were said
…the enduring strength of our brands and the role they continue to play in consumers' lives, even in periods when discretionary spending is more challenged.
…moment? If you can do that, you can actually Even within the beer portfolio, start to create some differentiation amongst our brands. They have different…
…quarter, got into the early part of this quarter, some of those headwinds have moderated, we've started to see a modest re-acceleration, I wouldn't say…
…going forward, you're absorbing incremental depreciation, but again, the strength of the margin in the quarter was particularly strong. I just want to understand the…
…due to fixed overhead absorption, as you say, related to the higher shipment. In addition to that, we also continue to make great progress on…
…COGS. Then we had 10 basis points of headwinds related to incremental marketing, mostly to support the World Cup that is happening now, as we…
Welcome to the Constellation Brands Fiscal Year 2027 first quarter earnings call. At this time, all participants are in listen-only mode. A question and answer…
…for the full year to drive incremental marketing investment, particularly around the World Cup and college football and the NFL. You'll see in Q2 and…
Still number one in New York City, one of the cultural icons of this country, still number one in Miami. You're starting from this really…
…teams, as well as just getting out into the market with our distributors talking about it, there is an execution playbook. It's disciplined, and, you…
…year basis, we would expect, as we always do, that shipments and depletions would align with one another, very closely align with one another. In…
…if you look at it on that rate. In a market like California, gas prices at its peak were up 40%, Illinois, 70%, New York,…
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