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Home » Constellation Brands’ (STZ) CEO Robert Sands on Q2 2015 Results – Earnings Call Transcript

Constellation Brands’ (STZ) CEO Robert Sands on Q2 2015 Results – Earnings Call Transcript

Constellation Brands’ (STZ) CEO Robert Sands discusses Q2 2015 results on a conference call held on October 2, 2014…

Constellation Brands, Inc. (NYSE:STZ)

Q2 2015 Earnings Conference Call

October 02, 2014, 10:30 AM ET

Executives

Patty Yahn-Urlaub – VP, IR

Robert Sands – President and CEO

Robert Ryder – EVP and CFO

Analysts

Bryan Spillane – Bank of America/Merrill Lynch

Judy Hong – Goldman Sachs

Nik Modi – RBC Capital Markets

Caroline Levy – CLSA

Alice Longley – Buckingham Research

Mark Swartzberg – Stifel Nicolaus

Bill Chappell – SunTrust

Rob Ottenstein – ISI Group

Tim Ramey – Pivotal Research

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Constellation Brands’ Second Quarter Fiscal Year 2015 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions). Thank you.

I would now turn the call over to Patty Yahn-Urlaub, Vice President of Investor Relations. Please go ahead.

Patty Yahn-Urlaub – VP, IR

Thank you, Jackie. Good morning, everyone, and welcome to Constellation’s conference call. In addition to our second quarter fiscal 2015 results and outlook, we will also discuss our glass sourcing strategy and incremental brewery expansion. I’m here this morning with Rob Sands, our President and Chief Executive Officer; and Bob Ryder, our Chief Financial Officer.

This call complements our two news releases, which have also been furnished to the SEC. During this call, we may discuss financial information on a GAAP comparable, organic and constant-currency basis. However, discussions will generally focus on comparable financial results. Reconciliations between the most directly comparable GAAP measure and these and other non-GAAP financial measures are included in the news release or otherwise available on the company’s website at www.cbrands.com.

Please also be aware that we may make forward-looking statements during this call. While those statements represent our best estimates and expectations, actual results could differ materially from our estimates and expectations. For a detailed list of risk factors that may impact the company’s estimates, please refer to the news releases and Constellation’s SEC filings.

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