Constellation Brands

“I mean, Coors Banquet is a fine example of that, right? It's the number one fastest growing beer brand, beating out Modelo and we're gaining distribution.”

Molson Coors highlights Coors Banquet outgrowing Modelo (a Constellation Brands beer brand) as evidence of core brand strength and share gains.

“Obviously, we have shares in Canopy that we still have available to us.”

Constellation notes it retains an equity stake in Canopy (Growth) as it watches cannabis rescheduling develop, an investment read-through for Canopy.

“Corona, Corona Extra is down more than Coors Light or Miller Lite. Never seen that before.”

An analyst notes Corona Extra is declining faster than Molson Coors' Coors Light and Miller Lite, an unusual relative-performance read-through for those brands.

“Comparable EPS was $3.25 for the quarter and was relatively flat year-over-year as the decline in comparable operating income was offset by favorability in unconsolidated investments from the transition in our Canopy ownership to exchangeable shares and the impact of a more favorable comparable effective tax rate.”

Constellation Brands' EPS benefited from favorability tied to the restructuring of its Canopy Growth equity stake into exchangeable shares, reflecting an ongoing shift in how it accounts for its cannabis investment.