Bullboard - Stock Discussion Forum Molson Coors Beverage Co TAP

Alternate Symbol(s): TAP.A

Molson Coors Beverage Company is a holding company. The Company operates in two segments: Americas and EMEA&APAC. The Americas segment consists of the production, importing, marketing, distribution and sales of its brands and other owned and licensed brands in the United States, Canada and various countries in the Caribbean, Latin and South America. It operates approximately nine primary... see more

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Molson Coors Beverage Co > Summer Brews

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Post by Dillinger4 on Apr 12, 2022 9:31pm

Summer Brews

A summer of boozy brunches is taking shape as the global economy continues its recovery from the COVID-19 pandemic.

"We are seeing a lot of people return to the on-premise, which is obviously good for us," Constellation Brands CEO Bill Newlands said on Yahoo Finance Live.

To be sure, signs of a bar recovery appeared on the top and bottom lines of the maker of Corona and Modelo beer.

Constellation Brands said this week that sales in its fiscal fourth quarter rose 8% from a year ago. Despite inflationary pressures in areas like labor and packaging, the company's operating profits increased 17% year over year.

Beer sales rose 14% in the quarter, a quicker pace than the 11% gain for the full fiscal year. Wine sales dropped 7% from a year ago.

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