Constellation Brands, Inc. · NYSE:STZ
Constellation Brands — Investor Presentation (June 2026)
32 slides from Constellation Brands's investor presentation, Jun 3, 2026
Slide 1: CBI Portfolio Overview Fiscal Year 2026
June 3, 2026 CBI Portfolio Overview Fiscal Year 2026 |
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements that are based on certain assumptions, estimates, expectations, plans, timetables, analyses, and opinions made by management in light of their experience and perception of historical trends, current conditions, and expe
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS In addition to the risks and uncertainties of ordinary business operations and conditions in the general economy and markets in which we compete, our forward-looking statements contained in this presentation are also subject to the risk, uncertainty, and possible variance
Slide 4: Disclaimers, Caution Regarding Outdated Material, and Location of Defined Terms
DISCLAIMERS, CAUTION REGARDING OUTDATED MATERIAL, AND LOCATION OF DEFINED TERMS The notes offered under Constellation’s commercial paper program have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the U.S. absent registration or an
Slide 5: Our Portfolio of Powerful Brands
OUR PORTFOLIO OF POWERFUL BRANDS # 1 BREWER & SELLER W&S PORTFOLIO Now 100% Aligned to Higher-End OF HIGH-END BEER IN THE U.S. MARKET Top 10 # 5 FASTEST HIGHER-END # 1 SELLING BEER GROWING BRANDS Pacifico & Victoria EMERGING GROWTH Wine & Spirits Supplier SELLING BEER Corona Extra PLATFORMS Modelo E
Slide 6: Beer Business
BEER BUSINESS A Constellation Brands
Slide 7: CBI Beer Growth Drivers
CBI BEER GROWTH DRIVERS DISTRIBUTION MARKETING DEMOGRAPHICS INNOVATION W O R T H R E A C H I N G F O R || 7
Slide 8: Distribution
DISTRIBUTION DISTRIBUTION MARKETING DEMOGRAPHICS INNOVATION FY27 POINT OF DISTRIBUTION % GROWTH OPPORTUNITY INCREMENTAL PODs Growing new points of distribution Category Leader, Scaled Leader, Fast-Scaling, across geographies and channels Under-Indexed in Targeted Opportunities National Opportunity L
Slide 9: Marketing
MARKETING DISTRIBUTION MARKETING DEMOGRAPHICS INNOVATION DRIVE CONSUMER DEMAND WITH MEET CONSUMERS PULL THROUGH TO CUSTOMER 360° INTEGRATED EXPERIENCES LIVE SPORTS & SPONSORSHIPS WITH LOCAL ACTIVATION & RETAIL EXECUTION PODCAST TV SOCIAL INFLUENCERS DIGITAL >50% investment STREAMING Reach the right
Slide 10: Innovation
INNOVATION DISTRIBUTION MARKETING DEMOGRAPHICS INNOVATION Focused portfolio for continued disciplined pack and liquid innovation COMPARED TO OUR MOST SCALED PEERS Brand Families 5 65 40 ~10% fewer total brand families Total SKUs 171 1,024 529 Net Sales per SKU $52M $14M $15M ~4x greater net sales pe
Slide 11: U.S. Demographics
U.S. DEMOGRAPHICS DISTRIBUTION MARKETING DEMOGRAPHICS INNOVATION HISPANIC POPULATION CBI BEER BRANDS HAVE HIGHER LEVELS CONTINUES TO BE POWERFUL SEGMENT OF EXPOSURE TO THE HISPANIC CONSUMER(1) WITH AMPLE GROWTH RUNWAY Hispanic Consumer Mix of Dollar Spend ~60% Of U.S. population growth(2) ~65% CBI B
Slide 12: CBI Market Share Gains
CBI MARKET SHARE GAINS Execution against our driver leads to success in the marketplace GAINING BEER BUSINESS VOLUME SHARE GAINS FISCAL 2026 SHARE IN 50 OF 50 STATES Vol. Share Change vs YA 1.1 0.6 0.1 Powered by Bing © GeoNames, Microsoft, TomTom Source: Beer Institute & Company depletion measures,
Slide 13: Modelo Beer in U.S. Dollar Sales
# 1 # 1 CHELADA BY $ SALES IN BEER IN U.S. U.S. BEER(1) $ SALES(1) #2 SHARE OF VOICE IN U.S. BEER(2) #3 $ SHARE GAINER IN U.S. ON-PREMISE(3) HSD% VOLUME IMPROVEMENT SINCE REPOSITIONING(1) #4 IN DRAFT $ SALES(3) (1) Circana, Total US MULOC+, 52 weeks ending 3.1.26 | Modelo Oro repositioning 36 weeks
Slide 14: Top Brand Highlights
# 1 # 7 DOLLAR SHARE HSD% MOST LOVED GAINER(2) BEER BRAND(1) VOLUME IMPROVEMENT HSD% SINCE PRICE REPOSITIONING(2) VOLUME GROWTH(3) TOP INNOVATION LAUNCH(2) ONLY IN 62% # 4 NA BRAND(2) OF REGIONAL CHAINS(3) (1) Brand Intelligence Metrics: Morning Consult (2) Circana, Total U.S. MULOC+, 52 weeks endin
Slide 15: Pacifico Year of Growth
7 YEAR OF th # 5 SHARE GAINER IN ON-PREMISE(3) DOUBLE-DIGIT GROWTH(1) # 11 BRAND IN CATEGORY(2) # 1 DOLLAR SHARE GAINER IN CALIFORNIA (4) GROWTH IN 40 DOUBLE-DIGIT STATES(5) # 3 DOLLAR SHARE GAINER(2) LESS THAN 25% DISTRIBUTION VS MODELO ESPECIAL(6) (1) Per Company measures | growth in dollar and vo
Slide 16: Top 10 Brand Highlights
TOP 10 AMONG TOP FLAVOR STRONG HISPANIC $ SHARE GAINER(1) PREFERENCES FOR HERITAGE HISPANIC CONNECTION CONSUMERS GROWING SPONSORSHIPS DD% AND VOLUME & POD RETAIL GROWTH(2) DISPLAYS (1) Circana, Total U.S. MULOC+, 52 weeks ending 3.1.26 (2) FY26 Company Measures W O R T H R E A C H I N G F O R || 16
Slide 17: Wine & Spirits Business
WINE & SPIRITS BUSINESS |
Slide 18: Wine & Spirits Portfolio
WINE & SPIRITS PORTFOLIO A powerful portfolio focused exclusively in the higher-end, engaging in the marketplace with curated experiences W O R T H R E A C H I N G F O R || 18
Slide 19: U.S. Category Leading Wines
U.S. CATEGORY LEADING WINES #1 SAUVIGNON BLANC 1 # ULTRA PREMIUM ITALIAN RED WINES #1 SUPER LUXURY RED WINE #1 NEW ZEALAND BRAND #3 PROSECCO #3 SUPER LUXURY WINE BRAND Source: Circana, Total U.S. MULOC+ dollar sales, 52 weeks ending 3.1.26 | U.S. market only W O R T H R E A C H I N G F O R || 19
Slide 20: Fine Wine Ambition
FINE WINE AMBITION SCHRADER HAS NEW EARNED 39+ CABERNET 100 POINT 94 SAUVIGNON & SCORES NEWLY CHARDONNAY REIMAGINED POINTS CRAFTED BY VISITOR INTERNATIONAL WINE ACCLAIMED 2 WINEMAKER EXPERIENCE REPORT, MAY 2025 # 2023 Avni THOMAS 92 Pinot Noir Wine RIVERS Spectator Top RED BLEND BROWN 100 2022 Avni
Slide 21: Spirits Portfolio
SPIRITS PORTFOLIO The Tasting Alliance World Spirits Competition MI CAMPO® BRAND AWARD HIGH WEST® BRAND AWARD Blanco Tequila Silver(1) The Noble Share Whiskey Gold(1) Reposado Tequila Bronze(1) A Midwinter Night’s Dram® Act 12 Whiskey Silver(1) Campfire Whiskey Silver(2) Double Rye Whiskey Silver(2)
Slide 22: Appendix: Shipment & Depletion Historical Cadence, Defined Terms
APPENDIX SHIPMENT & DEPLETION HISTORICAL CADENCE DEFINED TERMS |
Slide 23: Shipment & Depletion Historical Cadence
SHIPMENT & DEPLETION HISTORICAL CADENCE Shipments and depletions have been adjusted to remove volumes associated with acquisition and divestiture activity |
Slide 24: Beer Business Historical Shipment Volume Cadence
BEER BUSINESS HISTORICAL Shipment Volume Cadence 30% 29% 29% 28% 28% 27% 26% 26% 26% 26% 25% 24% 24% 24% 23% 23% 21% 21% 20% 20% H1 51% | H2 49% H1 55% | H2 45% H1 55% | H2 45% H1 56% | H2 44% H1 55% | H2 45% FY22 FY23 FY24 FY25 FY26 Q1 Q2 Q3 Q4 W O R T H R E A C H I N G F O R || 24
Slide 25: Beer Business Historical Depletion Volume Cadence
BEER BUSINESS HISTORICAL Depletion Volume Cadence 29% 29% 29% 29% 29% 26% 26% 25% 25% 25% 25% 25% 25% 25% 25% 21% 21% 21% 20% 20% H1 54% | H2 46% H1 54% | H2 46% H1 54% | H2 46% H1 55% | H2 45% H1 55% | H2 45% FY22 FY23 FY24 FY25 FY26 Q1 Q2 Q3 Q4 W O R T H R E A C H I N G F O R || 25
Slide 26: Wine and Spirits Business Historical Shipment Volume Cadence
WINE AND SPIRITS BUSINESS HISTORICAL Shipment Volume Cadence 27% 27% 27% 27% 28% 26% 26% 26% 25% 25% 25% 25% 25% 25% 24% 23% 23% 22% 22% 22% H1 47% | H2 53% H1 52% | H2 48% H1 50% | H2 50% H1 50% | H2 50% H1 45% | H2 55% FY22 FY23 FY24 FY25 FY26 Q1 Q2 Q3 Q4 (1) FY26 reflects the brands that were not
Slide 27: Wine and Spirits Business Historical Depletion Volume Cadence
WINE AND SPIRITS BUSINESS HISTORICAL Depletion Volume Cadence 28% 27% 27% 27% 26% 26% 26% 26% 25% 25% 25% 25% 26% 24% 24% 24% 23% 23% 22% 21% H1 48% | H2 52% H1 50% | H2 50% H1 51% | H2 49% H1 48% | H2 52% H1 46% | H2 54% FY22 FY23 FY24 FY25 FY26 Q1 Q2 Q3 Q4 W O R T H R E A C H I N G F O R || 27
Slide 28: Defined Terms
DEFINED TERMS |
Slide 29: Defined Terms
DEFINED TERMS Unless the context otherwise requires, the terms “Company,” “CBI,” “we,” “our,” or “us” refer to Constellation Brands, Inc. and its subsidiaries TERM MEANING $ U.S. Dollars Sale and, in certain instances, exclusive license to use the trademarks of a portion of our wine and spirits busi
Slide 30: Defined Terms
DEFINED TERMS TERM MEANING FY Fiscal year H1 First and second fiscal year quarters H2 Third and fourth fiscal year quarters High-End Beer Beer that sells above $27.00 a cast a retail Higher-End Spirits Spirits that generally sell above $14.00 - $17.00 per bottle at retail Higher-End Wine Wine that s
Slide 31: Defined Terms
DEFINED TERMS TERM MEANING PT Percentage point SEC Securities and Exchange Commission Shipment(s) Represents the volume shipped from CBI to distributors Shopper First Shelf Constellation Brands' approach to grow wine and beer sales by optimizing shelf flow, space, and assortment based on insights in
Slide 32: Please enjoy our products responsibly
Please enjoy our products responsibly. © 2026 Constellation Brands, Inc., Rochester, NY. |
Constellation Brands — Investor Presentation (June 2026) on 6ix