Molson Coors forecasts annual sales decline as higher prices hit demand [Yahoo! Finance Canada]
Molson Coors Beverage Company Class B (TAP)
Last molson coors beverage company class b earnings: 4/30 07:00 am
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US:NYSE Investor Relations:
ir.molsoncoors.com/overview/default.aspx
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Source: Yahoo! Finance Canada
to dent demand for the beer maker's brands such as Blue Moon and Coors Light especially in the United States. The company's shares were down 2% before the bell. Molson Coors has been consistently raising prices to offset higher production costs, similar to peers such as Constellation Brands, even as some of those expenses have started to ease. The company's volumes in the U.S. were also hit due to the winding down of a contract brewing agreement. It now expects 2024 net sales to be down about 1%, compared with its prior forecast of a low single-digit percentage increase. While customers stretched their budgets to purchase the company's products up until recently despite price hikes, the downbeat forecast indicates sticky inflation has forced them to rethink their spending. Molson Coors posted a 5.4% fall in Americas brand volumes during the third quarter, primarily driven by a drop in sales of its premium brands as they became more expensive following attempts to pass on r
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- SNDL Appoints New Chief Information Officer and New President, Liquor Division [Yahoo! Finance]Yahoo! Finance
- Americans Are Souring On Corporate DEI Efforts, Pew Research Shows [Forbes]Forbes
- Here's Why Molson Coors Brewing (TAP) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- Zacks Industry Outlook Highlights Anheuser-Busch, Constellation, Molson Coors, Boston Beer and Duckhorn [Yahoo! Finance]Yahoo! Finance
TAP
Earnings
- 11/7/24 - Beat
TAP
Sec Filings
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 10/18/24 - Form 8-K
- TAP's page on the SEC website