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Constellation Brands (STZ) Earnings Report: Q4 2016 Conference Call Transcript

fourth-quarter and full-year 2016 earnings conference call.


(Operator Instructions) I'll now turn the call over to Patty Yahn-Urlaub, Vice President of Investor Relations. Please go ahead. Patty Yahn-Urlaub (IR): Thank you, Laurie. Good morning, everyone. Welcome to Constellation's fourth-quarter and FY16 end conference call. I'm here this morning with Rob Sands, our President and Chief Executive Officer, and David Klein, our CFO. This call complements our news release, which has also been furnished to the SEC. During this call, we may discuss financial information on a GAAP, comparable, organic and constant-currency basis; however, discussions will generally focus on comparable financial results. Reconciliations between the most directly comparable GAAP measure, and these and other non-GAAP financial measures, are included in the news release or otherwise available on the Company's website at Please also be aware that we may make forward-looking statements during this call. While those statements represent our best estimates and expectations, actual results could differ materially from our estimates and expectations. For a detailed list of risk factors that may impact the Company's estimates...