Welcome to our dedicated page for Molson Coors Beverage news (Ticker: TAP), a resource for investors and traders seeking the latest updates and insights on Molson Coors Beverage stock.
Molson Coors Beverage Company (NYSE: TAP) generates a steady flow of news through its earnings reports, dividend announcements, strategic updates and leadership changes. As a beverage manufacturer in the breweries industry with a portfolio that spans core beer brands, above premium beers, flavored beverages, spirits, non-alcoholic drinks and partner brands, the company regularly communicates developments that are relevant to investors and industry observers.
News about Molson Coors often includes quarterly and annual earnings releases that discuss net sales, financial and brand volumes, cost trends, goodwill and intangible asset impairments, and both U.S. GAAP and underlying (non-GAAP) performance. These releases are typically accompanied by management commentary on macroeconomic conditions, pricing and mix, cost savings initiatives and the company’s progress on its transformation and Acceleration Plan.
Another recurring category of news is capital allocation, where the Board of Directors announces regular quarterly dividends on Molson Coors’ Class A and Class B common stock, along with corresponding dividends on the Class A and Class B exchangeable shares of Molson Coors Canada Inc. The company also issues notices about upcoming earnings conference call webcasts, outlining when it expects to release results and host discussions with analysts.
Corporate governance and organizational updates feature prominently as well. Recent disclosures have covered the appointment of a new President and Chief Executive Officer, advisory arrangements for the outgoing CEO, and a restructuring plan for the Americas business designed to create a leaner, more agile organization and support reinvestment in priority brands and adjacent categories.
This news page aggregates such items so readers can follow Molson Coors’ financial performance, dividend decisions, strategic initiatives and leadership developments over time. For those tracking TAP stock or the broader beverage sector, these updates provide context on how the company describes its operations and plans.
Molson Coors Beverage Company (NYSE: TAP, TAP.A) reported a 2.5% increase in net sales revenue for Q3 2021, reaching $2.82 billion, driven by strong pricing and premium brand mix, despite a 3.9% decline in financial volumes. U.S. GAAP net income rose 32.1% to $453 million, or $2.08 per share. However, underlying EBITDA fell 10.9% to $642.6 million, impacted by rising costs and increased marketing expenses. The company reaffirmed its 2021 financial guidance while continuing its revitalization plan, focusing on premiumization and debt reduction efforts.
Truss CBD USA, a joint venture between Molson Coors and HEXO Corp, has expanded its Veryvell line of hemp-derived CBD beverages to 17 states across the U.S. after a successful launch in Colorado. Veryvell offers non-alcoholic, adaptogenic sparkling waters and beverage drops with broad spectrum hemp and less than 0.3% THC. The drinks, available online and in select stores, feature three flavors: Focus, Mind & Body, and Unwind, each infused with 20mg of CBD. This expansion reflects Molson Coors' strategy to diversify beyond beer.
Molson Coors Beverage Company (NYSE: TAP, TAP.A) will host a webcast on October 28, 2021 for its 2021 Third Quarter Earnings Conference Call. The call, featuring executives including Gavin Hattersley (CEO) and Tracey Joubert (CFO), will begin at 11:00 a.m. ET, following an earnings release at 7:00 a.m. ET. The webcast can be accessed via the Investor Relations page at molsoncoors.com. A replay will be available post-call until February 23, 2022.
Molson Coors Beverage Company announced the nationwide expansion of Topo Chico® Hard Seltzer, set for January 2022. Previously available in nine states, this popular hard seltzer will now reach all 50 states, responding to consumer demand. The offering features a four-flavor variety pack: Strawberry Guava, Tangy Lemon Lime, Exotic Pineapple, and Tropical Mango. This move follows a successful regional launch, indicating strong market interest. Molson Coors remains committed to innovation and expanding its beverage portfolio beyond traditional beer.
Molson Coors Beverage Company (TAP) reported strong second quarter results for 2021, with net sales revenue up 17.4% to $2.94 billion and net income rising 99.3% to $388.6 million. Financial volumes grew 5.5%, aided by a 1.9% increase in North America and 17.8% in Europe. Net sales per hectoliter increased 5.0%, with above premium brand volumes hitting record highs. However, underlying EBITDA decreased 1.3% and marketing expenses rose 30.0%. The company plans to continue investments and has reinstated dividends while maintaining a focus on deleveraging.
Molson Coors Beverage Company (NYSE: TAP, TAP.A) has announced the reinstatement of regular quarterly dividends, declaring US$0.34 per share, payable on September 17, 2021. This decision follows the full repayment of $1 billion in senior notes due July 15, 2021. The company reaffirms its 2021 financial guidance, expecting a mid-single digit increase in net sales revenue and aiming for a net debt to EBITDA ratio of approximately 3.25x by year-end. The dividend was previously suspended in May 2020 due to the pandemic's uncertainties.
Molson Coors Beverage Company (NYSE: TAP, TAP.A) will host its 2021 Second Quarter Earnings Conference Call on July 29, 2021, at 11:00 a.m. Eastern Time. Earnings will be released at 7:00 a.m. the same day. Company executives, including CEO Gavin Hattersley and CFO Tracey Joubert, will participate in the call. The webcast can be accessed on the Investor Relations page of their website, with a replay available for two months following the event.
Molson Coors Beverage Company (NYSE: TAP; TSX: TPX) released its 2021 ESG report, emphasizing a renewed strategy centered on Diversity, Equity and Inclusion and environmental stewardship. The People pillar aims to increase U.S. representation of people of color by 25% and enhance women's roles by 2023. Environmentally, the company focuses on Water, Climate and Packaging, reporting a 3% reduction in water-to-beer ratio and aiming for 50% reduction in emissions by 2025. Key initiatives include using green electricity and achieving 100% reusable packaging by 2025.
The Molson Coors Beverage Company (NYSE: TAP; TSX: TPX) has appointed Eric Gunning as Corporate Secretary, alongside his existing role as Deputy Chief Legal Officer. Gunning, who has been with the company for nine years, has held multiple legal and compliance positions, highlighting his significance to the organization. The announcement comes from Lee Reichert, the current Corporate Secretary, emphasizing Gunning's invaluable contributions to the Board of Directors.
Molson Coors Beverage Company is launching the 'Stonecation' campaign, offering a chance to win $10,000 to five individuals to fund their summer vacations. To enter, customers must purchase a 12-pack or larger of Keystone Light and submit their receipts via KeystoneLightSummer.com or by scanning in-store signage. The contest runs from May 4, 2021, to July 10, 2021. This initiative aims to relieve financial burdens for consumers looking to enjoy summer vacations, emphasizing the importance of spending quality time outdoors with family and friends.