Molson Coors Brewing is a global beverage company known for its wide array of alcoholic and non-alcoholic beverages, with a particular emphasis on beer
The company focuses on brewing high-quality products under a diverse portfolio of brands, including well-known names in the beer industry as well as various craft, import, and specialty beers. In addition to beer, Molson Coors is also expanding into flavored malt beverages and non-alcoholic options to cater to evolving consumer preferences. With a commitment to sustainability and innovation, the company seeks to enhance its market presence both domestically and internationally while delivering enjoyable experiences to consumers.
There have been some mega trends in the market that have been sort of interrupted here recently. Some stocks in downtrends have bounced mightily along with the broad market.
Molson Coors Beverage has partnered with Fever-Tree Drinks plc to expand its U.S. non-alcoholic drink portfolio. Starting February 1, 2025, Molson Coors will handle the marketing and distribution of Fever-Tree's premium mixers.
Aramco and CoorsTek Membrane Sciences Announce Collaboration to Commercialize Palladium-alloy Membranes for Carbon Capture and Lower- Carbon Hydrogen Production
Shares of major alcohol producers and distributors declined sharply following a warning issued by U.S. Surgeon General Vivek Murthy about the increased cancer risks associated with alcohol consumption.
Molson Coors Beverage shares are trading lower during Friday's session. Alcohol stocks are down after U.S. Surgeon General Murthy warned that alcohol consumption may increase cancer risk.
Over the past six months, Molson Coors has been a great trade, beating the S&P 500 by 9.3%. Its stock price has climbed to $60.94, representing a healthy 21.2% increase. This performance may have investors wondering how to approach the situation.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Molson Coors (NYSETAP) and its peers.
Beer company Molson Coors (NYSETAP) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 7.8% year on year to $3.04 billion. Its non-GAAP profit of $1.80 per share was 7.9% above analysts’ consensus estimates.
Tilray announced a series of fall-themed product launches across its craft beer and beverage brands. Those include Breckenridge Brewery, Montauk Brewing, Blue Point Brewing, Terrapin and Shock Top.Canadian cannabis giant has been buying beer brands throughout recent years, as part of its ongoing strategy to establish its presence in the U.S.
