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 reports developments tied to a global beverage portfolio rooted in beer and expanding into flavored alcoholic beverages, ready-to-drink cocktails, spirits and non-alcoholic beverages. Its brand references include Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling, Ožujsko, Blue Moon Belgian White, Madrí Excepcional, Staropramen, Leinenkugel’s Summer Shandy, Vizzy Hard Seltzer, Simply Spiked and Monaco Cocktails.
Recurring news covers quarterly and annual results across the Americas and EMEA&APAC segments, volume and cost trends, guidance, dividends on Class A and Class B common stock, share repurchase activity, product launches, partner-brand arrangements and portfolio additions such as the completed Atomic Brands acquisition.
Molson Coors Beverage Company (NYSE: TAP, TAP.A) will host a webcast for its 2022 Fourth Quarter and Full Year Earnings Conference Call on February 21, 2023, at 11:00 a.m. ET. Earnings will be released at approximately 7:00 a.m. ET the same day. Participating executives include Gavin Hattersley, CEO, and Tracey Joubert, CFO. Investors can access the webcast via the company’s Investor Relations page. An online replay will be available shortly after the call and accessible until May 1, 2023.
Molson Coors Beverage Company has launched Roxie, a zero-proof canned cocktail, aimed at consumers participating in Dry January. This new product marks the company’s first direct-to-consumer line in the non-alcoholic beverage space. Roxie offers three flavors: Ripe with Passionfruit, Forbidden Pineapple, and Lost in Mango. Data suggests the non-alcoholic beverage market is expected to grow by 27.6% among young adults. Available for purchase online, Roxie is designed to attract a new generation of drinkers.
BARK, Inc. announces the appointment of Zahir Ibrahim as Chief Financial Officer, effective immediately. With nearly 30 years of financial leadership experience, including roles at KIND LLC and Annie’s Inc. (NYSE: BNNY), Ibrahim brings expertise in scaling consumer brands. His addition is viewed as a significant milestone as BARK seeks to enhance its position in the market and drive profitability. The company expressed gratitude to former Interim CFO Howard Yeaton for his contributions during the transitional phase.
The Board of Directors of Molson Coors Beverage Company (NYSE: TAP, TAP.A) has declared a quarterly dividend of US$0.38 per share, payable on December 15, 2022, to stockholders of record on December 2, 2022. A similar dividend of approximately CDN$0.50 will be issued by Molson Coors Canada Inc. (TSX: TPX.A, TPX.B) on the same dates. The company's portfolio includes iconic brands like Coors Light and Miller Lite, and it operates in significant global markets, reflecting a robust and diverse beverage strategy.
Molson Coors has announced that Coors Light will be the first multi-year partner of the Leagues Cup, a new tournament featuring all teams from MLS and LIGA MX. This inaugural event will take place from July 21 to August 19, 2023, and serve as a qualifier for the Concacaf Champions League. The partnership aims to enhance fan engagement through integrated marketing and on-site activations. As the exclusive beer partner, Coors Light will be present at 77 matches across North America.
Molson Coors Beverage Company reported its 2022 third quarter earnings, achieving a 4.0% increase in net sales, reaching $2.935 billion. Adjusted net income came in at $216.4 million, translating to $0.99 per diluted share. The company continues to navigate global inflationary pressures, reaffirming its financial guidance for the year, while underlying income before taxes declined 5.0% on a GAAP basis. Premiumization efforts in their portfolio contributed to a 7.9% growth in constant currency sales, although U.S. GAAP income before taxes dropped 43.2%.
Molson Coors Beverage Company (NYSE: TAP) announced a partnership with the Professional Pickleball Association (PPA), making Vizzy the official hard seltzer of the PPA Tour. This collaboration aims to pair Molson Coors' diverse beverage portfolio with the rapidly growing sport of pickleball, which has gained 4.6 million players in the U.S. The partnership will launch at the PPA Championship in Las Vegas, featuring on-site activations, advertising, and product introductions, including Miller Lite and Simply Spiked Lemonade. This positions Vizzy as a leading brand in a competitive market.
Molson Coors Beverage Company (NYSE: TAP) will hold its 2022 Third Quarter Earnings Conference Call on November 1, 2022, at 11:00 a.m. ET. The earnings will be released at approximately 7:00 a.m. ET on the same day. Executives such as Gavin Hattersley, CEO, and Tracey Joubert, CFO, will participate in the call. The webcast will be available on the company’s Investor Relations page and an online replay will be accessible until February 20, 2023.
Molson Coors Beverage Company has announced the expansion of its exclusive agreement with The Coca-Cola Company to launch Topo Chico Spirited, a new line of spirit-based, ready-to-drink cocktails, set to debut in 2023. This initiative follows the successful launch of Topo Chico Hard Seltzer, which is currently the fastest-growing brand in its category. The new cocktails will include 100% real spirits, aiming to capture popular flavors from bars and restaurants across the U.S. Topo Chico Spirited will launch in over 20 markets, enhancing Molson Coors' above-premium product portfolio.
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.