Molson Coors Beverage Stock Price, News & Analysis

Molson Coors Beverage Company reported its 2022 Q2 financial results, showcasing a 0.6% decrease in net sales but a 2.2% increase in constant currency. The company's net income fell to $47.3 million, with diluted EPS at $0.22, a significant decline from the previous year. Positive pricing strategies contributed to a 7.1% increase in net sales per hectoliter. The revitalization plan is showing progress with market share growth in the U.S. and Canada. The company reaffirms guidance for mid-single digit top-line growth and high single-digit bottom-line growth for 2022.

The Board of Directors of Molson Coors Beverage Company has declared a quarterly dividend of US$0.38 per share on its Class A and Class B common stock, payable on September 15, 2022, to shareholders of record as of September 2, 2022. Additionally, Molson Coors Canada Inc. has announced a quarterly dividend of approximately CDN$0.49, equivalent to the US dividend, also payable on the same dates. These dividends reflect the company's ongoing commitment to returning value to its shareholders.

Molson Coors Beverage Company will host a 2022 Second Quarter Earnings Conference Call on August 2, 2022, at 11:00 a.m. ET. The earnings release will occur at 7:00 a.m. ET on the same day. Executives, including Gavin Hattersley (CEO) and Tracey Joubert (CFO), will participate in the call. Investors can access the webcast on the Investor Relations page of Molson Coors' website and a replay will be available until October 31, 2022.

The Board of Directors of Molson Coors Beverage Company (NYSE: TAP, TAP.A) has declared a quarterly dividend of US$0.38 per share on its Class A and Class B stocks, payable on June 15, 2022, to shareholders of record on June 3, 2022. Additionally, Molson Coors Canada Inc. has announced a quarterly dividend of approximately CDN$0.48 for its Class A and Class B exchangeable shareholders, also payable on June 15, 2022. The dividends signify the company's commitment to returning value to its shareholders.

Molson Coors Beverage Company (NYSE: TAP) is set to launch Simply Spiked Lemonade™ this June, featuring four new flavors inspired by the top chilled juice brand in the U.S. This product comes from a collaboration with The Coca-Cola Company, marking a significant addition to the ready-to-drink alcohol market. Each flavor is designed to offer a refreshing taste just in time for summer. The excitement surrounding the product's release has been unprecedented, and it's projected to capitalize on the popularity of the Simply brand, which is found in half of all American households.

Molson Coors Beverage Company reported strong first-quarter results for 2022, with net sales up 16.7% to $2.22 billion, driven by positive pricing and a favorable sales mix. U.S. GAAP income before taxes increased by 37.5% to $173.7 million, while net income rose 80.1% to $151.5 million, with EPS reaching $0.70. The company continues to experience growth in its core brands and achieved its highest above-premium mix since the 2016 MillerCoors acquisition. Despite challenges such as inflation, Molson Coors reaffirmed its 2022 guidance for continued growth, underscoring its commitment to long-term success.

Molson Coors Beverage Company has announced the launch of Arnold Palmer Spiked Lite, a new light version of its popular malt beverage, which consists of half iced tea and half lemonade. The product, debuting in May, contains only 100 calories and 2 grams of sugar per 12 ounces, targeting health-conscious consumers. It will be available in 16 states and is packaged in 12 oz slim cans. Since its introduction in 2018, the Arnold Palmer Spiked line has seen double-digit sales growth, indicating strong market demand.

Molson Coors Beverage Company will host a Q1 2022 Earnings Conference Call on May 3, 2022, at 11:00 a.m. ET. Earnings will be released at 7:00 a.m. ET on the same day. Key executives, including Gavin Hattersley (CEO) and Tracey Joubert (CFO), will participate. The webcast can be accessed via the Investor Relations page and will have a replay available until August 1, 2022. Molson Coors, trading under TAP on NYSE, has a rich history of over 200 years in beverage production.

The board of directors of Molson Coors Beverage Company (NYSE: TAP) has nominated Leroy J. Williams, Jr. as an independent director for election at the Annual Meeting on May 18, 2022. Williams, CEO of CyberTekIQ, LLC, brings extensive experience from cybersecurity to business development. His past roles include Global Chief Information Officer at Ball Corporation and various cabinet positions in Colorado. His election is expected to enhance the board's strategic guidance as the company continues its growth trajectory.