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) 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.
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.