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Molson Coors Beverage Company Class B - TAP STOCK NEWS

Welcome to our dedicated page for Molson Coors Beverage Company Class B news (Ticker: TAP), a resource for investors and traders seeking the latest updates and insights on Molson Coors Beverage Company Class B stock.

Molson Coors Beverage Company (symbol: TAP) is a globally recognized leader in the brewing industry, known for delivering extraordinary brands that resonate with beer drinkers worldwide. With a rich heritage dating back over two centuries, Molson Coors operates through distinct regional divisions: Molson Coors North America and Molson Coors Europe. The company's portfolio includes iconic brands such as Coors Light, Molson Canadian, Carling, Staropramen, and Blue Moon, catering to a diverse range of tastes across the Americas, Europe, and Asia.

Molson Coors is committed to sustainability and has been listed on the Dow Jones Sustainability World Index for multiple years. The firm’s dedication to environmental and social goals is encapsulated in its 'Our Beer Print' initiative and its ambitious 2025 sustainability targets. The company also collaborates with major global brands like Heineken and Coca-Cola through licensing agreements, further expanding its reach and product offerings.

The company’s operations in North America, which account for over 80% of total revenue, utilize a combination of independent distributors and in-house sales teams. This strategic approach ensures efficient market penetration and consumer engagement. In recent years, Molson Coors has ventured beyond traditional beer offerings to include sparkling cocktails, canned wine, kombucha, cider, and more, aligning with evolving consumer preferences.

Recent highlights include a fresh multi-year music partnership with Grammy-nominated country superstar Lainey Wilson. This collaboration not only boosts the visibility of Coors Light but also engages fans through exclusive merchandise and concert experiences. Another significant development is the launch of Barmen 1873 Bourbon, marking the brand’s first celebrity partnership. These initiatives reflect Molson Coors’ strategy of blending tradition with innovation to stay relevant in a competitive market.

Financially, Molson Coors remains robust, with steady revenue streams from its diverse product lines and strategic partnerships. The company is publicly traded on the New York and Canadian Stock Exchanges under the ticker TAP, offering investors a stake in one of the most enduring and dynamic beverage companies globally.

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Molson Coors Beverage Company (NYSE: TAP, TAP.A; TSX: TPX.B, TPX.A) has announced its 2024 Third Quarter Earnings Conference Call, scheduled for November 7, 2024. The company will release earnings at approximately 6:30 a.m. Eastern Time, followed by a webcast with investors and financial analysts at 8:30 a.m. Eastern Time. The webcast will be accessible via the Investor Relations page on the company's website, with an online replay expected within two hours after the live event.

Molson Coors, with over two centuries of brewing history, produces a diverse portfolio of beverages including core power brands like Coors Light and Miller Lite, above premium brands such as Blue Moon Belgian White, and economy brands like Miller High Life. The company has expanded beyond beer to include hard seltzers, spirits, and non-alcoholic beverages. Molson Coors operates through Americas and EMEA&APAC reporting segments and is traded on the New York and Toronto Stock Exchanges.

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Molson Coors Beverage Company (NYSE: TAP) reported its Q2 2024 financial results. Net sales slightly decreased by 0.4%, but income before income taxes surged by 26.9% to $559.9 million.

Underlying income before income taxes improved by 5.2% in constant currency. The company returned $353 million to shareholders via dividends and share repurchases and reaffirmed its 2024 guidance for both top-line and bottom-line growth.

For H1 2024, net sales increased by 4.2% on a constant currency basis, while underlying income before income taxes rose by 20.4%.

U.S. GAAP net income for Q2 was $427 million, or $2.03 per diluted share, with non-GAAP diluted EPS increasing by 7.9% to $1.92. CEO Gavin Hattersley highlighted strong cash flow and strategic investments supporting long-term growth.

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Molson Coors Beverage Company (NYSE: TAP, TAP.A) has declared a regular quarterly dividend of US$0.44 per share on its Class A and Class B common stock, payable on September 20, 2024, to stockholders of record on August 30, 2024. Additionally, Molson Coors Canada Inc. (TSX: TPX.B, TPX.A) announced a quarterly dividend of approximately CDN$0.60 for its Class A and Class B exchangeable shareholders, payable on the same date.

Molson Coors, with a history spanning over two centuries, produces a wide range of beverages including iconic beer brands like Coors Light, Miller Lite, and Blue Moon, as well as hard seltzers, spirits, and non-alcoholic drinks. The company operates in the Americas and EMEA&APAC regions, focusing on meeting diverse consumer needs and maintaining a commitment to sustainability through its Imprint strategy.

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Molson Coors Beverage Company (NYSE: TAP, TAP.A; TSX: TPX.B, TPX.A) will broadcast its 2024 Second Quarter Earnings Conference Call on August 6, 2024, at 8:30 a.m. Eastern Time, with the earnings report released at 6:30 a.m. Eastern Time on the same day. The webcast will be available through the Investor Relations page of the Molson Coors website. A replay of the call will be accessible until November 6, 2024. Molson Coors, with a history of over two centuries, produces iconic beer brands such as Coors Light, Miller Lite, and Molson Canadian, as well as non-alcoholic beverages and flavored drinks like Vizzy Hard Seltzer. The company's strategy includes People & Planet initiatives focused on sustainability and community impact. For more information, visit the company's website.

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Molson Coors Beverage Company (NYSE: TAP) announced the pricing of its public offering of €800 million of 3.800% Senior Notes due 2032. The offering is expected to close on May 29, 2024, subject to customary conditions. Net proceeds are estimated at €793.5 million after underwriting discounts and expenses. The funds will be used for general corporate purposes, including repaying €800 million in notes maturing in July 2024. Joint book-running managers include Citigroup, BofA Securities, Goldman Sachs, among others. The offering is made under an effective SEC shelf registration statement.

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Molson Coors Beverage Company (NYSE: TAP) has announced an underwritten public offering of euro-denominated senior notes, expected to close around May 29, 2024. The proceeds will be used for general corporate purposes, including repaying EUR 800 million notes maturing in July 2024. Citigroup Global Markets , BofA Securities, Goldman Sachs & Co. , Bank of Montreal, J.P. Morgan Securities, RBC Europe , and Scotiabank are joint book-running managers for the offering. The offering is under an effective shelf registration statement filed with the SEC.

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Molson Coors Beverage Company (NYSE: TAP, TAP.A) has announced a regular quarterly dividend of US$0.44 per share for its Class A and Class B common stock, payable on June 21, 2024, to shareholders of record on June 7, 2024. Molson Coors Canada (TSX: TPX.B, TPX.A) has also declared a quarterly dividend of approximately CDN$0.59, also payable on June 21, 2024, to its Class A and Class B exchangeable shareholders of record on June 7, 2024. These dividends are eligible for Canadian tax purposes. The company, with a history spanning over two centuries, offers a diverse portfolio of beverages including core beer brands like Coors Light and Miller Lite, premium brands such as Blue Moon, and non-alcoholic options. Molson Coors operates in the Americas, EMEA & APAC regions, and is committed to sustainability and community impact through its Imprint strategy.

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Molson Coors Beverage Company reported strong first-quarter results in 2024, with a 10.7% increase in net sales and significant growth in income before income taxes. The company reaffirmed its guidance for top-line and bottom-line growth for the full year. The positive performance was driven by double-digit brand volume growth for core brands in the U.S. and successful innovation in the above premium portfolio. However, the industry's softness in the U.S. and Canada remains a challenge for the company.

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Molson Coors Beverage Company (TAP) will host a webcast of the 2024 First Quarter Earnings Conference Call on April 30, 2024. The company's diverse portfolio includes popular beer brands like Coors Light and Miller Lite, as well as non-alcoholic beverages and spirits.
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Barmen 1873 Bourbon partners with GRAMMY award-winning artist Lainey Wilson for a multi-year collaboration, launching a themed pop-up bar with unique cocktails. The partnership aims to combine music and bourbon, reflecting Lainey Wilson's tough and inspirational persona. Proceeds from the bar will support Wilson's charitable fund, Heart Like A Truck.
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FAQ

What is the current stock price of Molson Coors Beverage Company Class B (TAP)?

The current stock price of Molson Coors Beverage Company Class B (TAP) is $55.71 as of November 4, 2024.

What is the market cap of Molson Coors Beverage Company Class B (TAP)?

The market cap of Molson Coors Beverage Company Class B (TAP) is approximately 11.4B.

What are Molson Coors' most famous brands?

Molson Coors' portfolio includes iconic brands such as Coors Light, Molson Canadian, Carling, Staropramen, and Blue Moon.

Where does Molson Coors operate?

Molson Coors operates globally, with key markets in North America, Europe, and Asia.

How is Molson Coors committed to sustainability?

Molson Coors is listed on the Dow Jones Sustainability World Index and is committed to its 'Our Beer Print' initiative and 2025 sustainability targets.

What recent partnerships has Molson Coors announced?

Molson Coors recently announced a multi-year music partnership with country superstar Lainey Wilson and launched Barmen 1873 Bourbon with her as the first celebrity partner.

How does Molson Coors distribute its products in North America?

In North America, Molson Coors uses a mix of independent distributors and an in-house sales team to distribute its products.

What other beverages does Molson Coors produce besides beer?

Molson Coors has expanded its portfolio to include sparkling cocktails, canned wine, kombucha, cider, and more.

On which stock exchanges is Molson Coors listed?

Molson Coors is publicly traded on the New York and Canadian Stock Exchanges under the ticker TAP.

What percentage of Molson Coors' revenue comes from North America?

Over 80% of Molson Coors' total revenue comes from its North American operations.

Who are some of Molson Coors' licensing partners?

Molson Coors has licensing agreements with major brands like Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola.

What is 'Our Beer Print' initiative?

'Our Beer Print' is Molson Coors' initiative focused on sustainability and positive community impact.

Molson Coors Beverage Company Class B

NYSE:TAP

TAP Rankings

TAP Stock Data

11.37B
197.27M
11.82%
90.68%
3.58%
Beverages - Brewers
Malt Beverages
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United States of America
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