Molson Coors Brewing is a global beverage company known for its wide array of alcoholic and non-alcoholic beverages, with a particular emphasis on beer. The company focuses on brewing high-quality products under a diverse portfolio of brands, including well-known names in the beer industry as well as various craft, import, and specialty beers. In addition to beer, Molson Coors is also expanding into flavored malt beverages and non-alcoholic options to cater to evolving consumer preferences. With a commitment to sustainability and innovation, the company seeks to enhance its market presence both domestically and internationally while delivering enjoyable experiences to consumers.
Over the past six months, Molson Coors has been a great trade, beating the S&P 500 by 9.3%. Its stock price has climbed to $60.94, representing a healthy 21.2% increase. This performance may have investors wondering how to approach the situation.
The Board of Directors of Molson Coors Beverage Company (NYSE: TAP, TAP.A) today declared a regular quarterly dividend on its Class A and Class B common stock of US$0.44 per share, payable December 20, 2024, to stockholders of record on December 6, 2024. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Beverage Company.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Molson Coors (NYSE:TAP) and its peers.
Beer company Molson Coors (NYSE:TAP) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 7.8% year on year to $3.04 billion. Its non-GAAP profit of $1.80 per share was 7.9% above analysts’ consensus estimates.
Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) today reported results for the 2024 third quarter.
Molson Coors Beverage Company ("Molson Coors") (NYSE: TAP, TAP.A) is taking a majority ownership stake in ZOA, the better-for-you energy brand co-founded by Dwayne “The Rock” Johnson, Dany Garcia, Dave Rienzi and John Shulman. Taking a majority stake now allows Molson Coors to lead the entirety of ZOA’s marketing, retail and direct-to-consumer sales and development. The company believes this positions ZOA for a step change in growth.
Tilray announced a series of fall-themed product launches across its craft beer and beverage brands. Those include Breckenridge Brewery, Montauk Brewing, Blue Point Brewing, Terrapin and Shock Top.Canadian cannabis giant has been buying beer brands throughout recent years, as part of its ongoing strategy to establish its presence in the U.S.
Molson Coors Beverage Company (NYSE: TAP, TAP.A; TSX: TPX.B, TPX.A) will host a webcast of the company’s 2024 Third Quarter Earnings Conference Call with investors and financial analysts at 8:30 a.m. Eastern Time on Thursday, November 7, 2024. The company will release earnings at approximately 6:30 a.m. Eastern Time on the same day.
Tilray Brands, will release its financial results for the first quarter that ended Aug. 31, before the financial market opens on Oct. 10, 2024. The Canadian cannabis giant will host a live conference call, which will be webcast, to discuss these results at 8:30 am Eastern Time, the same day.
