Constellation Brands Inc at Morgan Stanley Global Consumer & Retail Conference (Virtual) Transcript

Nov 30, 2021 / 04:00PM GMT
Dara Warren Mohsenian - Morgan Stanley, Research Division - MD

Hi. Good morning, everyone. I'm Dara Mohsenian, Morgan Stanley's beverage and household products analyst, and we're thrilled to welcome Bill Newlands, Constellation Brands' CEO; and Patty Yahn-Urlaub, Head of Investor Relations here.

Before we get started, I have to run through disclosures. For important disclosures, please see the Morgan Stanley website at www.morganstanley.com/researchdisclosures, and you can reach out to your sales representative if you have any questions. Constellations also asked me to remind you that they do not comment on rumors, so we'll not be answering questions around press reports regarding Monster recently.

Getting back to the business, STZ had a great track record of growth historically over time, particularly in their beer business. And Bill, thanks for being there -- here, and maybe we'll jump right into that topic to begin with.

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Dara Warren Mohsenian
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