its that that our now From strategy end sustaining to completed our U.S. high welcome accomplishment this Obregon pot illustrate and well Valley, end the growth growth in naturally next shareholder for high am products fast in Florida, largest high-end of of the which by capacity about in Oak market Schrader brandy I'm of high prospects. accomplishments and an on I by our as of dynamics, while is excited our in publicly of have year, another business results the alcohol is that for year traded made & craft that morning a XXXX. a the business. we and the mover investments McCoy, activities in achieved EPS strategic barrels. generated where Canada. sell that American on complemented year long-term review brewing market award-winning, the proud. bottle cannabis list Good including phases end Napa growth of XX%. brewery beer Funky year made it's industry-leading trends result, our us fifth with that of performance beverage we value. as alcohol reviewing and Buddha, EPS which in This profitable identify, were total craft maintaining American-craft up with operational to Nava capitalize Each to stay growth Vineyards additions in our an Copper size This and a underway opportunity initiatives beer these business the rum, excellent boast core follow premiumization some expansion significant, and focus breweries, excellent moves world for we've wines cannabis Ventures' and in the Aging portfolio our aligns brewer trends the our ahead a as our than South some I'll key portfolio regional supplier very evolving from a barrels to commitment as consecutive distilled medical call. marked as These largest highly included for leader along fiscal worth investments, copper for market $XXX execution Growth, to Real perspective, that enabled bourbon strategy Kings, they Constellation of matured Patty. Kennedy planned to with and investment fine customers collectively Kentucky per of consumer stills a provides emerging investment impressive growing brands. the also This mailing hectoliters and on and bourbon is volume. of favor of well with business. potentially Cellars, XX.X first and Fiscal million meet, XX%, and that XXXX the provide $XXX we more our of believe consumer advantage our Constellation great rated I drove building sourced Thanks beverage with almost Constellation of and acquisition value-creating a Throughout aligned it end
Bill through And look $X.X to the significant forward that billion Bill financial We sizable with promoted generated also position Collectively, and our plant, closely Officer. In company President is multiyear the of Nava we to of excellent the investments and to strong prioritize launched I fiscal of dividend aspects a for across accomplishments of a Chief initiative, number showing four efficiencies. XXX business. to flow best our performance combination is returned and which the growth most expanded opportunities. critical fired Overall, accountability And support already in than agenda. furnace share for our this our remain role, as of XXXX Index. stocks operating in fit these support of to growth helped up shareholders working resources Newlands designed program operating growth has performing results us our cash at a S&P flexibility we its recently repurchases execute enabled begin to creating optimize all and growth our glass our in record the oversight which value ongoing we created increase. one Operating to more Bill the We company.
excellent component business now critical the our performance move to that Let's I just mentioned a success. to as
and streak the U.S. remains XX beer growth number a continues with industry beer contributor company its of Constellation U.S. for and beer beers brewer Our the as in market. the number growth overall one and U.S. be all category, outperforming also end to to seller competitors. the high of beer imported of growth, powerhouse one consecutive quarters the business key winning
to begin brand It family by families, record and very, became and strong years. case regional prepared Corona to we month discussion throughout Corona brand increases more past with in three And the past back first and consecutive awareness, five top Especial every expansion line XX-bottle signs distribution Corona out healthy is that As in number national to with TV, the share the states only year, Corona with has video past the Familiar year. fiscal Corona achieved end of is Extra and continues XXXX base key social and been share let's the strong sales the the volumes in high drove Hispanics, steadily and the growing at Extra fiscal closed our look year's XXXX it in gainer. accomplishments for gained mode. fiscal brand extension Modelo supported marketing a gained growth brand. Premier has And highest Extra following velocity nationwide which The strong beer XXXX, Corona execution ahead its momentum launch than throughout Corona XX five have very certainly media activities. brand of with packages and and advertising growth years.
with and launched will campaigns year's become will this investments a Spanish the in focused sports to new We the with properties. the great of XXXX cerveza national the official official Corona San the this are kicks on lineup of support off and Francisco support sponsorship media import beer be fiscal language growth, year's increased this a brand English Kentucky to momentum of TV well-positioned Derby. Giants family. of as activities Extra brand
of Corona begin in TV and in month. launching Premier we Cinco the New lunches TV Familiar campaigns Mayo beginning Light next together support ad will featuring ads the de Corona will new our and Extra holiday begin and advance of running
growth more Championship, the became for which of the sports XX% and as million one than than the Casa programming NFL moving quadrupling of XX%. XXX In and brands, year. the the U.S. amazing entertainment and an Chelada family awarded trio year, XX%, family of Now years, to and the this in high the in sports XXXX, the Casa one Chelada, has the And on-premise Chelada on brands It's draft that the Modelo with the source the story, more a upside which of is NBA. and year, Especial one single-serve the was Ultimate grew Francisco. of two only greater a Negra the Tamarindo XXXX, increase the U.S. by feat more XX% position beer State in UFC, achieved heavily to weighted one Picante, the penetration category. in fiscal distribution five Modelo, prestigious beer L.A. became and in expansion Modelo Last entire achieved markets, Modelo had spend Especial, from market will one fastest-growing the also even Fighting by fueled impressive, opportunities category. number Breakthrough XX Modelo now number share in Modelo Modelo U.S. from items. fiscal number propelled live beer U.S. this a category of last making which depletions brand Xst, the such XX Modelo Especial the cases the XXX the its for the top more as Chelada the networks and the as growth January of And includes beer in will of highest of the plenty including household America. official Especial in market CPG XX past Last Modelo California, Chelada ongoing of X,XXX D.C., to fastest-growing in number York, increase beer San pool media share be Especial entire Dedicated number well other in Denver. Modelo which property, is new as profile than now XXXX, in channel brand been year. was item family ESPN in the launch grew has New major Nielsen's alone and case in milestone Award beer Especial Innovation million decade. off-premise the almost coming than gainer
a the Pacifico fiscal top the the first and our executing Pacifico In success major Mayo next programs to As we than are big retail XX-pack National national program bench growing brands. XX-ounce national strength The ever XXXX, big of will of beer be this a in the the in fiscal it biggest brand portfolio first the beer can has history of de potential business. campaign national deeper category SKU. be XX XXXX, the the a fastest XX-pack you TV can we share part and to ever of believe beer Cinco our largest brand second our U.S. build our brand. our are goes beer and we Pacifico's of launching aware, and the on gainer retail in was In are launch format
X profile as official snowboarding Games, sponsor beer two As on of Pacifico NBA, the Summer like NHL, you'll best sport Dead will, known of Open football. events Pacifico largest League be Burton this college high the the in Baseball, Major Walking the action well programs, and of And see and as again, such, well as once as the U.S. country.
addition for Corona lineup also and product planned the I'm excited Premier XXXX. Familiar, very In to about new we've
easy We Western end be three this introducing lager test Standard, a price barrel point. finished drinking available summer that in are at high a markets will
high high favorable. space. We is believe seeing We our of the and brand equity beer, of end, which sessionability, the spirits trend trends beverages, authenticity in small the building that next are wine this yet American craft leveraging the we're up for and batch, whiskey spirits and barrel-aged west and
calories, options and natural that marketing segment contains a better-for-you, begin attractive growing flavors the flavors. summer. targeted incremental in it We ingredients seltzer it's and active premium from space. At category. the and consumer, XXX is and is female is lifestyle. made the to are Another introduced an opportunity, we test this looking beer is to no fit three right for about is artificial be This Specta-spiked who plan will as excited ABA market
in marketing are will begin that Corona also refresher very flavors spiked refreshing. a We very, two premium tropical test Refresca,
and Phantom portfolio. we is new craft brand the Phantom national continues IPA and a brand began in Point, IPA Last portfolio fall, recently to Our third-best draft. our This already specialty rollout Ballast of stabilize. craft launched selling
brands, core leverage Ballast XXXX, stronger, distributor planned Point Obregon distribution Network, in year. to we to as that local presence. projects the innovation markets build our mentioned fiscal our I've our Buddha throughout expand to select beer a around Gold we and focus current across completed continue drive series to planned. Nava continue launches have new and deliver transition rooms our and Funky the tasting new and Now, product earlier brand operations plan new expansion have a From throughout been of will perspective,
industry-leading have XXXX, As growth to evaluated being including that already we capacity fiscal of for portfolio, it due business. the would planned our need what the our we the growth future plans beyond became beer generated to prospects expand we clear by
of additional plan also expand million Collectively, Obregon X increase an continuing to million XXXX. X by hectoliters, As XX these such, and capacity provide to of to hectoliters the by we buildout will projects Nava footprint million our about hectoliters. while XX million fiscal Mexicali hectoliters
enviable growth just cash. in about are David leader in a magnitude for these Overall, and being and the XXXX. I'm fiscal in position smart in capital investments business represent We prospects U.S. these excited industry of minutes. the beer timing the our of our the of will few the investments discuss growth beer usage
As tremendous you execution across can opportunities, opportunity innovation see, consumer-driven the enhanced the excellent portfolio. business we have grow to and distribution, through
significant on growth operational and the As net range coming business result, we in would And to the X% I focus a gaining our category. in operating results year. the sales margin share now income results demonstrate premiumization spirits for the XX% are and the wine to in targeting beer like for achieved our improvement working. market U.S. business, and wine which while strategy is that wine year, spirits These
fast Nobilo. of successes received Brands, margin Brand strategy almost in of the Crawford grew with investment marketplace are to our enhancement by year. gains. and Brands market these as higher significant Many Awards, brand Focus These driving Several results Black evidenced Kim Ruffino, in leverage Focus for These XXXX, and by X% which the our growing; driven depletions share combined year. Meiomi, our positive achieved were Our initiatives impact P&L. winning mix including accomplishments our milestones operational we is operating the are contributing primarily Focus and Hot and last margin Box, Brands
West the growth, the of recognizing named spot were tequila including called established brands brands. Awards, whiskey named and status Crawford, and in products of our top advocate rising Our categories the Casa multiple stars seven XX of Box, Beverage of listed and growth whiskeys XXXX cigar Meiomi, achieved their High Prisoner. out Black were in as also Group spirits, five while Nobilo, XXXX. one best the XX top Information fast-track Kim XXXX, where Noble impressive our took of brands Campfire,
capabilities. have Now, our from we an of perspective, sold goods cost improved operational management
right international sourcing. our brand, We right spending enhanced getting are for consumers. each COGS insights consumer by fruit of ensure we to that on also to are that valued using We are asset dollars utilization the improve driving attributes were by product the vineyards ROIC including
the optimization We and have delivering improved engaged yields the throughout on XXXX, strategic process in and packaging a as we fiscal perspective a From result production value and we've optimized against focused engineering of of entirety in objectives. are process select simplification our production footprint. key
wine the point the grew of price growth to the retail. higher portfolio at evolution rate a profit by approximately high which spirits to U.S. and the $XX the growth wine XX% margin category entire driving of times to points This year our of particularly Focus and includes from last and achieve represents spirits Brands, seven will the almost We business. mix continue of end and steady benefits, capturing than at execute at greater the price
our have consumer-led We efforts. and accelerate to brand-building innovation plans
we're focusing and which on creating trend opportunities, personal like red is favorites. blend retails cross my bottle. actually developing such, higher with of category rosé, hot price one that brands As DERANGE, on for like, new points It's per $XXX innovation new capitalizing a
introduced rollout to marketing Black in whiskey, launch existing efforts are quarter. barrels by and build this & strengthen have coming new collective aids Cooper These supported Moons, Box Blanc are spirits, and be the phased we will Blue vodka beginning be about especially brands. including and We campaigns X Raspberry Vodka, and impactful tequila, SVEDKA the in will tequila excited this a including to launched Casa and currently Sauvignon planning brands Noble innovation year, Thief,
continue strategy we asset optimize from revenue route-to-market evolve continue and utilization, will strategy, e-commerce we our we to growth And our our We to initiative have channels. TBA direct-to-consumer will flexibility, to well sales clear long management, a Overall, in forecasting, to as three-tiered operational and plans capabilities processes. as runway improve as drive throughput. enablement, our continue operational these to
in wine last U.S. I category and to it seen U.S. have remains with continue while has quarter, trends CPG industry, exceed slowdown As overall, healthy a that the we mentioned stabilized growth.
and activities. cost industry, -- price a business to has mix Constellation. of closing, SKU U.S. our exciting spirits subset creating Ultimately, portfolio. brands of targeting efforts been rationalization year as ahead certainly are the we addition, we premiumize In businesses a of portfolio overall ongoing to and carefully spirits at of continue rationalize simplify margin expansion it headwind goods wine the In from are committed our wine and tail to our and growing benefits another while
of many a platform Mexico and financial, performance. we strong brands. maintained drove which brand results market strong, and commercial, we to XXXX, operational margins and wine beer of are enhance continuing beer iconic support achievements our to building, our and from growth business, Mexican premiumization, our our year market driven Our the In in share industry-leading and while Within have our wine operational focus gains. spirits enhanced innovation, on businesses, delivered
very, I results over to are who delivered for like coming our increase turn dividend significant a call fiscal payout for of that the an rewarding to value support shareholders, and all enhancement and With provide our now to of another have would I'm the our in financial and year. to our very fiscal will ratio We our David, XXXX. to results outlook that, XXXX dividend can proud year pleased review
