PRESENTER BIOGRAPHIES LAWSON WHITING President and Chief Executive Officer Prior to being appointed CEO, Lawson Whiting served as executive vice president and chief operating officer of Brown-Forman, where he oversaw regional operations, global production, and corporate responsibility. He has served on the company's Executive Leadership Team since 2013. I N V E S T O R D A Y | N A S H V I L L E , T N | O C T O B E R 2 0 2 5 3 In addition to serving on the board of directors for Brown-Forman, he serves on th ...

Key TakeawaysIBM (IBM) and Advanced Micro Devices (AMD) led pre-market gains, with IBM rising 4.3% on a strategic partnership with Anthropic and AMD surging 4% after a Jefferies upgrade to a $300 price target following a significant OpenAI deal.Johnson & Johnson (JNJ) announced positive Phase 2b study results for its investigational oral drug icotrokinra in ulcerative colitis, demonstrating a 63.5% clinical response rate at the highest dose, and reaffirmed the known safety record of its drug Tremfya.BofA Gl ...

Group 1 - Constellation Brands, Inc. reported its second quarter fiscal 2026 financial results, with a conference call scheduled for October 7, 2025, to discuss these results and the company's outlook [1] - The company is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [2] - Constellation Brands aims to build beloved brands and anticipates market trends to deliver value to consumers, shareholders, and employees, contributing to its status as one of the fastest-growing large CPG companies in the U.S. [2] Group 2 - The company's product portfolio includes high-end imported beers like Corona Extra and Modelo Especial, a variety of wines such as The Prisoner Wine Company and Robert Mondavi Winery, and craft spirits like Casa Noble Tequila [3] - Constellation Brands emphasizes sustainability and responsibility in its operations, integrating an ESG strategy focused on environmental stewardship, community investment, and promoting responsible alcohol consumption [4]

Core Insights - The Diageo World Class competition celebrated its 16th year, showcasing bartenders from 51 countries competing for the prestigious title of World Class Global Bartender of the Year 2025 [1][3] - Felice Capasso from Norway was awarded the title, recognized for his innovative cocktail presentations and passion for bartending [3][4] - The competition included various challenges that tested the creativity and skills of the bartenders, highlighting the evolving cocktail culture [5][9] Company Overview - Diageo is a global leader in beverage alcohol, with a diverse portfolio of brands including Johnnie Walker, Smirnoff, and Guinness, sold in nearly 180 countries [13] - The World Class program aims to inspire better drinking habits and enhance the careers of bartenders through education and mentorship [12] Industry Impact - The World Class competition serves as a platform for innovation in the bartending industry, nurturing talent and setting trends for the future [9] - The event is recognized as a significant celebration of the hospitality industry, emphasizing the importance of skilled bartenders in creating high-quality cocktail experiences [8][9]

Core Insights - Constellation Brands, Inc. announced the retirement of Jim Bourdeau as Chief Legal Officer effective February 28, 2026, after over 10 years with the company [1][2] - Jeff LaBarge will succeed Bourdeau as Executive Vice President and Chief Legal Officer starting March 1, 2026 [3][4] Leadership Transition - Jim Bourdeau has been a key figure in Constellation's senior leadership, contributing to the company's growth and transformation through his legal expertise and governance [2] - Bourdeau joined Constellation in September 2014 and has overseen significant M&A activities and corporate legal matters [2][5] - Jeff LaBarge, who joined Constellation in August 2016, has held various legal leadership roles and will now lead the legal and public affairs functions [4][5] Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [6] - The company focuses on building beloved brands and aims to be one of the fastest-growing large consumer packaged goods companies in the U.S. [6][8] - Constellation's product portfolio includes well-known brands such as Corona Extra, Modelo Especial, and various premium wines and spirits [7]

Core Insights - Penelope Bourbon has partnered with FCancer to launch two limited-edition whiskey blends, aiming to raise over $500,000 for cancer support initiatives [1][2][3] - The collaboration emphasizes community involvement and aims to honor those affected by cancer while promoting awareness and support [2][3][5] Company Overview - Penelope Bourbon is recognized as one of the fastest-growing premium whiskey brands, established in 2018, and has received multiple industry awards for its products [7] - FCancer is a nonprofit organization focused on advancing health equity through cancer prevention, early detection, and support programs [7][9] Product Details - The FCancer blend will be bottled at 94 proof (47% ABV) with a suggested retail price of $79.99 per 750ml, while the FCancer Barrel Strength will be at 114.6 proof (57.3% ABV) priced at $99.99 per 750ml [5] - The FCancer blend features a complex flavor profile including aromas of black pepper, caramel, and citrus zest, while the Barrel Strength blend offers notes of sweet cream and baking spices [4][5] Fundraising Events - A live fundraising event is scheduled for October 29, 2025, in Austin, Texas, with ticket sales contributing directly to FCancer's mission [6] - The event marks the first live fundraising initiative for the partnership, reinforcing the commitment to community support and awareness [6]

Core Viewpoint - Constellation Brands, Inc. has updated its financial outlook for fiscal 2026, indicating a decline in organic net sales and beer net sales, while projecting significant growth in reported operating income [1][2][3] Financial Outlook - Reported diluted EPS guidance is updated to a range of $10.77 - $11.07, with comparable EPS guidance at $11.30 - $11.60 [2][29] - Enterprise organic net sales are expected to decline by (6)% - (4)%, while reported operating income is projected to grow by 666% - 686% [1][2] - Comparable operating income is anticipated to decline by (11)% - (9)% [2] Beer Segment Performance - Beer net sales are expected to decline by (4)% - (2%) and operating income is projected to decline by (9)% - (7%) [1][2] - High-end beer buy rates have decelerated, particularly among Hispanic consumers, impacting the beer business more than the broader category [3] Strategic Initiatives - The company continues to focus on cost savings and efficiency initiatives, which are expected to support investment levels behind its brands [3] - Constellation Brands has executed $604 million in share repurchases under a three-year $4 billion authorization [3] Cash Flow and Capital Expenditures - Operating cash flow is projected to be between $2.5 billion and $2.6 billion, with free cash flow expected to be between $1.3 billion and $1.4 billion [2][31] - Capital expenditures are unchanged at approximately $1.2 billion [2][31] Market Position - Despite challenges, the company has grown volume share in 49 of 50 states and remains the top dollar share gainer in the U.S. beer category with a 0.4 point increase [3]

Core Insights - Constellation Brands, Inc. will report its financial results for the second quarter ending August 31, 2025, on October 1, 2025, after U.S. market close [1] - A conference call for analysts will take place on October 2, 2025, at 10:30 a.m. ET, featuring discussions on financial results, operating performance, and future outlook [1][2] Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [3] - The company aims to build beloved brands and is recognized as one of the fastest-growing large consumer packaged goods (CPG) companies in the U.S. retail sector [3] Product Portfolio - The company's product offerings include high-end imported beers like Corona Extra and Modelo Especial, a variety of wines such as The Prisoner Wine Company and Robert Mondavi Winery, and craft spirits including Casa Noble Tequila and High West Whiskey [4] Sustainability and ESG Strategy - Constellation Brands emphasizes sustainable and responsible operations, integrating an Environmental, Social, and Governance (ESG) strategy into its business model [5] - The company focuses on environmental stewardship, community investment, and promoting responsible beverage alcohol consumption as part of its long-term business strategy [5]

Core Insights - Crown Royal has launched a new limited-edition product, Crown Royal Chocolate Flavored Whisky, which combines selected whiskies with rich chocolate flavor for a unique tasting experience [1][5] - The new flavor is designed to encourage consumers to explore whisky in unexpected ways, showcasing the brand's commitment to innovation and quality [3][5] Product Details - Crown Royal Chocolate Flavored Whisky features aromas of vanilla, creamy chocolate, and oak, with hints of caramel and toffee, finishing with notes of dark cacao [3] - The whisky is versatile for cocktail pairings, mixing well with grapefruit juice, cola, and lemonade, and can be used in classic cocktails like Old Fashioned and Espresso Martini [4] Availability and Pricing - The product will be available nationally starting September 1, 2025, with a suggested retail price of $26.99 [6] Brand Background - Crown Royal is the number-one selling Canadian whisky brand globally, known for its smooth and elegant flavor, which was originally blended to commemorate a royal visit in 1939 [7] - The brand is part of Diageo, a global leader in beverage alcohol with a diverse portfolio of brands [8]

Core Insights - Remus Bourbon announced the release of Remus Repeal Reserve Series IX Straight Bourbon Whiskey, a limited-edition bourbon aged between 10 and 18 years, with a minimum suggested retail price of $99.99 per 750mL bottle [2][4][5] Product Details - The bourbon is crafted from a blend of high-rye bourbons, including 7% of an 18-year-aged bourbon with 21% rye, 26% of an 11-year-aged bourbon with 36% rye, 23% of a 10-year-aged bourbon with 36% rye, and 44% of another 10-year-aged bourbon with 21% rye [5] - It has a proof of 104 (52% ABV), making it the highest proof ever for the Remus Repeal Reserve series [4][7] Aroma and Flavor Profile - The bourbon features an aroma of seasoned oak, leather, ripe sweet cherry, and subtle tobacco, with flavors of cherry, roasted coffee, and smoky spice, finishing with lingering notes of coffee, cherry, and tobacco [6] Industry Recognition - The Remus Repeal Reserve collection has received numerous awards, including a platinum medal at the 2025 ASCOT Awards and a double gold medal at the 2025 San Francisco World Spirits Competition [7]