The Molson Coors Beverage Company is undergoing significant developments. CEO Gavin Hattersley is set to retire by the end of 2025, and the board has begun the search for his replacement. The firm has plans of webcasting its 2025 Q1 earnings conference call and key financial updates are expected on May 8. The company has nominated Chris Cocks to its Board of Directors, signaling a potential boost in digital innovation through his expertise as Hasbro's CEO.
Molson Coors is also showing notable financial performance. Results for the 2024 full-year and quarters (Q3 and Q4) indicate growth. Furthermore, the firm has announced regular quarterly dividends and proposed a public offering of Euro-denominated senior notes. The firm’s fourth quarter earnings and sales exceeded estimates, pushing up the stock.
In efforts to diversify, Molson Coors has taken a majority stake in ZOA Energy and expanded its partnership with HEXO Corp in Colorado. Notably, the company holds a 76% ownership of shares, with institutions primarily dominating. Finally, the company's EMEA & APAC CEO recently sold $208,098 in stock.
Molson Coors Beverage Company Class B TAP News Analytics from Wed, 30 Oct 2019 07:00:00 GMT to Mon, 14 Apr 2025 11:55:00 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 4
