Constellation Brands: FY27 Q2 earnings call, Oct 7, 2026
On its Oct 7, 2026 earnings call (FY27 Q2), Constellation Brands said 18 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 · 18 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 | 31 | 31 | ✓ | 97%n=1+tx from settlement history blended with transcripts | Hear it 7:40, Consumer | – |
| Beer 5+ times | Yes | 19 | 19 | ✓ | 88%n=1+tx from settlement history blended with transcripts | Hear it 2:19, Beer 5+ times | – |
| Marketing | Yes | 15 | 15 | ✓ | 90%n=1+tx from settlement history blended with transcripts | Hear it 2:12, Marketing | – |
| Margin | Yes | 13 | 13 | ✓ | 97%n=1+tx from settlement history blended with transcripts | Hear it 13:35, Margin | – |
| Fiscal 5+ times | Yes | 10 | 10 | ✓ | 80%n=1+tx from settlement history blended with transcripts | Hear it 0:03, Fiscal 5+ times | – |
| Pacifico | Yes | 9 | 9 | ✓ | 87%transcripts from the transcript model | Hear it 2:25, Pacifico | – |
| Distributor | Yes | 8 | 8 | ✓ | 85%n=1+tx from settlement history blended with transcripts | Hear it 2:44, Distributor | – |
| Victoria | Yes | 7 | 8 | ✓ | 63%transcripts from the transcript model | Hear it 12:06, Victoria | – |
| Inventory | Yes | 6 | 10 | ✓ | 69%n=3+tx from settlement history blended with transcripts | Hear it 2:40, Inventory | – |
| World Cup | Yes | 5 | 5 | ✓ | 79%n=1+tx from settlement history blended with transcripts | Hear it 21:54, World Cup | – |
| Football | Yes | 5 | 5 | ✓ | 58%n=1+tx from settlement history blended with transcripts | Hear it 4:59, Football | – |
| Inflation | Yes | 4 | 6 | ✓ | 58%n=3+tx from settlement history blended with transcripts | Hear it 45:28, Inflation | – |
| Shareholder | Yes | 4 | 4 | ✓ | 44%n=1+tx from settlement history blended with transcripts | Hear it 5:27, Shareholder | – |
| Shipment | Yes | 3 | 3 | ✓ | 80%n=1+tx from settlement history blended with transcripts | Hear it 6:45, Shipment | – |
| New York | Yes | 2 | 2 | ✓ | 55%n=1+tx from settlement history blended with transcripts | Hear it 43:04, New York | – |
| Depletion / Depletions | Yes | 1 | 2 | ✓ | 82%n=3+tx from settlement history blended with transcripts | Hear it 2:51, Depletion / Depletions | – |
| Mi Campo | Yes | 1 | 1 | ✓ | 50%n=1+tx from settlement history blended with transcripts | Hear it 40:36, Mi Campo | – |
| Dividend | Yes | 1 | 1 | ✓ | 30%n=3+tx from settlement history blended with transcripts | Hear it 35:38, Dividend | – |
| Alcohol 5+ times | No | 2 | 2 | ✓ | 8%n=1+tx from settlement history blended with transcripts | Hear it 2:17, Alcohol 5+ times | – |
| Wine | No | 0 | 0 | ✓ | 87%n=2+tx from settlement history blended with transcripts | – | |
| Tariff | No | 0 | 0 | ✓ | 75%n=3+tx from settlement history blended with transcripts | – | |
| Especial | No | 0 | 0 | ✓ | 70%n=3+tx from settlement history blended with transcripts | – | |
| Oil / Gas / Gasoline | No | 0 | 0 | ✓ | 58%transcripts from the transcript model | – | |
| Aluminum | No | 0 | 0 | ✓ | 52%n=2+tx from settlement history blended with transcripts | – | |
| Wine 5+ times | No | 0 | 0 | ✓ | 40%n=1+tx from settlement history blended with transcripts | – | |
| Construction | No | 0 | 0 | ✓ | 23%n=1+tx from settlement history blended with transcripts | – | |
| Mexico | No | 0 | 0 | ✓ | 18%n=1+tx from settlement history blended with transcripts | – | |
| Farm / Farmer | No | 0 | 0 | ✓ | 16%transcripts from the transcript model | – | |
| Drought | No | 0 | 0 | ✓ | 12%n=1+tx from settlement history blended with transcripts | – | |
| Surge | No | 0 | 0 | ✓ | 12%n=1+tx from settlement history blended with transcripts | – | |
| ICE | No | 0 | 0 | ✓ | 11%n=3+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.
10 matches for “Inventory”; 5 quoted, at least 25 words apart.
Finally, our inventory levels are healthy. We have spent much of the first half rebuilding distributor inventory levels, and while there is always going to…
…about, had we not shipped to the levels we did to rebuild inventories, if we hadn't done that, we still would've come in above our…
…a key focus in the first half was rebuilding the beer distributor inventories and I think improving days on hand, heading into 3Q. I think…
…Specifically, should we expect shipments to lag depletions as you normalize that inventory? Or do you still expect to ship ahead of depletes for the…
…add in some color. Here's the headline up front, which is distributor inventories are now in a great position, and they're actually still lower than…
Where the listed words were said
…make sure that we were covering off, and keeping shelves full and consumers satisfied everywhere. But albeit with some inefficiencies as we were working hard…
…the number one dollar share gainer in beverage alcohol this quarter. Our beer business outperformed and accelerated meaningfully quarter-on-quarter. Pacifico became a top 10 beer…
…shareholders. That's just going to come back to our evolved focus on marketing, our enhanced execution, discipline, and pushing the organization to continue to deliver.…
…we would have visibility to the activities that are going to drive margin and fuel for growth four years from now. With the team in…
…thank you for standing by. Greetings and welcome to the Constellation Brands Fiscal Year 2027 second quarter earnings call. At this time, all participants will…
…company's playbook is second to none, just world-class. You can see with Pacifico compounding it at something like a 20% growth rate year-to-date, as the…
…of an impact of mix headwinds, commercial investments to support demand through distributor incentives and couponing, and then the carryover from our high-end light beer…
…of the big ones and continue the journey of the Pacifico and Victoria, that alone will create enormous value. But that doesn't mean that there…
…be first half of the year to meet our expectations for building inventory into the summer and then into the fall sports season, et cetera.…
…a big step up in the first half of the year. Obviously, World Cup was part of it. I hear lots of indications from you,…
…saw non-timing related acceleration in the month of September as our college football and other programming took place. And we are seeing a very healthy…
…it's come up a couple of times now. As we think about inflation, I'd say that I'm not sure there's been a year in my…
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