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.
14 matches for “Headwind”; 5 quoted, at least 25 words apart.
…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…
That was offset by about 30 basis points of currency headwinds and other small things that will flow through cost of goods. That really is…
…in SG&A rather than COGS. Then we had 10 basis points of headwinds related to incremental marketing, mostly to support the World Cup that is…
…you're doing to re-accelerate and maybe most specifically with Corona Extra, given the duration of the headwinds that the brand has seen? Thanks so much.
You're right to point out some of the challenges, and the headwinds on Especial and Extra, and I think that's fair. That goes to my…
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.
…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…
…Firstly, I'll start by acknowledging your point. I think, yes, indeed, macro headwinds, we talked about both, generally in the economy and some of the…
…cost leverage that looks like you enjoyed this quarter with the gross margins, the margins for beer at 39%. I just wanted to talk a…
…FY 2027 guidance. You maintain your beer net sales guidance despite strong shipments in the quarter, comparisons do become pretty favorable in FQ2 and Q3.…
Keeping in mind, we've increased our marketing spend expectations for the full year to drive incremental marketing investment, particularly around the World Cup and college…
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…
Certainly, it's been great to see both World Cup and some of the energy that we saw in one of our key markets like New…
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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