Constellation Brands, Inc. (NYSE:STZ) Q2 2024 Earnings Conference Call October 5, 2023 10:30 AM ET
Company Participants
Joe Suarez - VP, IR
Bill Newlands - CEO
Garth Hankinson - CFO
Conference Call Participants
Vivien Azer - Cowen & Company
Andrea Teixeira - JPMorgan
Nik Modi - RBC Capital Markets
Dara Mohsenian - Morgan Stanley
Gerald Pascarelli - Wedbush Securities
Nadine Sarwat - Bernstein
Bryan Spillane - Bank of America
Chris Carey - Wells Fargo Securities
Rob Ottenstein - Evercore
Filippo Falorni - Citi
Andrew Strelzik - BMO Capital Markets
Lauren Lieberman - Barclays
Operator
Greetings. Welcome to the Constellation Brands Fiscal Year 2024 Second Quarter Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
At this time, I would like to hand the call over to Joe Suarez, Vice President of Investor Relations. Thank you. You may begin.
Joe Suarez
Thank you, Darryl. Good morning all, and welcome to Constellation Brands Q2 fiscal '24 conference call. I'm here this morning with Bill Newlands, our CEO; and Garth Hankinson, our CFO.
As a reminder, reconciliations between the most directly comparable GAAP measures and any non-GAAP financial measures discussed on this call are included in our news release or otherwise available on the company's website at www.cbrands.com. Please refer to the news release and Constellation's SEC filings for risk factors, which may impact forward-looking statements made on this call.
Following the call, we'll also be making available in the Investors section of our company's website, a series of slides, which highlight the prepared remarks shared by Bill and Garth in today's call.
Before turning the call over to Bill, in line with prior quarters, I would like to ask that we limit everyone to one question per person, which will help us to end our call on time.
Thanks in advance, and now here's Bill.
Bill Newlands
Thank you, Joe, and good morning, everyone. Welcome to our Q2 fiscal '24 call.
In terms of key headlines for the second quarter, I'm pleased to report that our team once again delivered solid overall performance. First of all, our beer business led to charge as the number one share gainer with accelerating shares across the key summer holiday. We continue to invest in growth for this business as our team looks to seize opportunities to gain incremental awareness, shelf space, in household penetration for our brands in the back half and beyond.