Molson Coors Beverage Stock Price, News & Analysis

Molson Coors Beverage Company (NYSE: TAP) reported challenging Q1 2025 results with significant declines across key metrics. Net sales decreased 11.3% to $2.3 billion, while U.S. GAAP income before taxes fell 41.1% to $156.3 million. The company's EPS dropped to $0.59, down from $0.97 year-over-year. Financial volume declined 14.3%, and brand volume decreased 8.0%. Due to macroeconomic pressures and competitive challenges, Molson Coors revised its 2025 guidance downward, now expecting a low single-digit decline in net sales versus previously projected growth. The company plans to reduce discretionary spending and capital projects while maintaining its $1.3 billion free cash flow target. Despite headwinds, management highlighted progress in premiumization initiatives and the Fever-Tree partnership.

Topo Chico Hard, a Molson Coors Beverage Company brand, announces the launch of new margarita-inspired flavored alcohol beverages (FAB) nationwide. The release includes a Topo Chico Hard Margarita FAB variety pack with 6% ABV, featuring four flavors: Prickly Pear, Tropical Pineapple, Signature, and Strawberry Hibiscus Margarita. Each variant is made with real lime juice and added minerals.

Additionally, the company introduces Topo Chico Hard Margarita MAX FAB, an 8% ABV offering available in 24-oz cans nationwide and 16-oz cans in select states (WI, IA, NC, SC, GA, MS, and TN). The launch will be supported by a new creative campaign across social media starting early May 2025.

Molson Coors Beverage Company (NYSE: TAP) announced that CEO Gavin Hattersley will retire by December 31, 2025, after 28 years in the beer industry and over six years as President and CEO. The Board has initiated a search process for his successor, considering both internal and external candidates.

Under Hattersley's leadership since September 2019, the company achieved significant milestones:

• Reached annual net sales revenue of $11.6 billion and underlying income before income taxes of $1.6 billion in 2024
• Reduced net debt by nearly 40% since end of 2019
• Delivered two highest years of annual net sales revenue and underlying income before income taxes
• Established strategic partnerships, including joint ventures with D.G. Yuengling and Sons and The Coca-Cola Company

The Board aims for the next CEO to continue building upon Hattersley's Revitalization and Acceleration Plans, focusing on strengthening core brands, portfolio premiumization, and expansion beyond beer.

Molson Coors Beverage Company (NYSE: TAP) has announced its upcoming 2025 First Quarter Earnings Conference Call, scheduled for May 8, 2025, at 8:30 a.m. Eastern Time. The company plans to release its earnings results earlier that day at approximately 6:30 a.m. ET.

The earnings call will be accessible via webcast on the company's Investor Relations page at ir.molsoncoors.com, with a replay available within two hours after the live broadcast.

The company showcases a diverse portfolio including core brands like Coors Light, Miller Lite, and Molson Canadian, premium offerings such as Madrí Excepcional and Blue Moon Belgian White, and expanded beverage categories including Vizzy Hard Seltzer, Five Trail whiskey, and partnership brands like Simply Spiked and ZOA Energy.

Molson Coors Beverage Company (NYSE: TAP) has nominated Christian 'Chris' Cocks as an independent Class B director for election at the company's Annual Meeting of Stockholders on May 14, 2025. Cocks currently serves as the CEO of Hasbro and brings significant consumer goods industry experience to the board.

As Hasbro's CEO, Cocks has led the company to become the #1 IP licensor in digital gaming and the largest corporate parent of IP mobile games by U.S. revenue, notably through successes like MONOPOLY GO! and Baldur's Gate III. His expertise spans multiple areas including:

• E-commerce and digital transformation
• Brand management
• Enterprise strategy
• Talent management and development

Prior to his current role, Cocks held leadership positions at Hasbro's Wizards of the Coast division, Microsoft, and LeapFrog Enterprises.

Molson Coors Beverage Company (TAP) reported its 2024 Q4 and full-year results, showing mixed performance. The company's net sales decreased 2.0% in Q4 and 0.6% for the full year. Despite revenue declines, full-year income before taxes improved 20.0% to $1,503.0 million, while EPS grew 22.4% to $5.35.

In Q4, financial volumes decreased 6.4% and brand volumes fell 3.4%. The Americas segment saw net sales decline 2.6%, while EMEA&APAC segment sales increased slightly by 0.4%. The company achieved strong cash generation, returning over $1 billion to shareholders, including $643.4 million in share repurchases.

The U.S. market faced challenges due to macroeconomic conditions and the wind-down of a contract brewing agreement. However, core power brands retained over 80% of their combined volume share gains versus the previous year. The company maintained strong market positions in Canada and showed growth in several European markets.

Simply Spiked has launched Simply Spiked Bold, a new line of spiked lemonades and limeades featuring 8% ABV and 5% real fruit juice. The new offering includes two flavors: Signature Lemonade and Cherry Limeade, targeting the High ABV category where taste is the primary purchase driver.

The brand has shown strong performance since its 2022 launch, with Simply Spiked Lemonade becoming the #1 New Flavored Alternative Beverage in 2022, followed by Simply Spiked Peach in 2023, and Simply Spiked Limeade ranking #1 in Grocery in 2024.

The new Bold line is now available nationwide in single-serve cans, with 24oz and 16oz options in select states, specifically targeting the growing convenience store channel which has demonstrated strong performance in single-serve, higher ABV beverage options.

Molson Coors Beverage Company (NYSE: TAP) has announced a strategic partnership with Fever-Tree, securing exclusive U.S. commercialization rights for Fever-Tree's premium mixer portfolio starting February 1, 2025. The deal includes Molson Coors acquiring an 8.5% stake in Fevertree Drinks plc, becoming its second-largest shareholder.

The partnership involves Molson Coors taking responsibility for co-manufactured production, marketing, sales, and distribution of Fever-Tree products in the U.S. market. Fever-Tree, established in 2004, is the #1 tonic and ginger beer brand nationwide and has been voted 'Number One Top Selling Mixer' for 11 consecutive years.

This move aligns with Molson Coors' strategic ambition to build a total-beverage portfolio, following recent expansions including a majority stake in ZOA Energy and plans to launch Naked Life in the U.S. The company aims to leverage its commercial scale and supply chain expertise to expand Fever-Tree's distribution and brand awareness in the U.S. market.

Molson Coors Beverage Company (NYSE: TAP) has announced its upcoming 2024 Fourth Quarter and Full Year Earnings Conference Call, scheduled for February 13, 2025, at 8:30 a.m. Eastern Time. The company will release its earnings report earlier the same day at approximately 6:30 a.m. Eastern Time.

The earnings call will be accessible via webcast on the company's Investor Relations page at ir.molsoncoors.com, with a replay available within two hours after the live broadcast. Molson Coors, a centuries-old beverage company, maintains a diverse portfolio including core brands like Coors Light and Miller Lite, premium offerings such as Madrí Excepcional and Blue Moon Belgian White, and has expanded beyond beer into hard seltzers, spirits, and non-alcoholic beverages.