Constellation Brands: FY27 Q2 earnings call, Oct 7, 2026

…high end of that range. Second, our increased investments and focus on marketing are working. We were the number one dollar share gainer in beverage…

…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.…

…customers and spending time with our sales folks as well as our marketing team, et cetera, has only reinforced that. Actually getting into some of…

…we need to get that engine humming again. That is going to take sustained work, right, across marketing, brand positioning, commercialization, products, packs, et cetera.

…brands, as Nick laid out. We're seeing real green shoots from the marketing initiatives that we have underway, and we're confident in the results that…

…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…

…noted that a key focus in the first half was rebuilding the beer distributor inventories and I think improving days on hand, heading into 3Q.…

Hey, guys. Good morning. If you think about marketing spend, there was a lot of reasons for a big step up in the first half…

…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…

…levels are healthy. We have spent much of the first half rebuilding distributor inventory levels, and while there is always going to be month-to-month variability,…

…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…

…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…

…know how to do. Marketing is critical to that. You brought the World Cup, so interesting, right? A major event, but wound up being disappointing…

…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…