Molson Coors Beverage Company (TAP) released important information, including the announcement of
CEO Gavin Hattersley's plans to retire by the end of 2025 and the beginning of a board-led search for his successor. The company enjoys the confidence of institutional investors, who own 85% of the company's shares. It was also revealed that
Hasbro's CEO is set to join Molson Coors' board, which could signal a digital innovation boost ahead. The company has announced a regular quarterly dividend and recently held their 2025 Q1 earnings conference, with noteworthy financial updates shared on May 8. The company also disclosed its 2024 Q4 and full year results, displaying a notable EPS rise in Q4. With an acceleration plan for growth, promising long-term financial outlook provided in the 2023 Strategy Day, Molson Coors is delivering stability amid market uncertainties. As a result, analysts are referring to it as among the best alcohol stocks to buy in the market.
Intriguingly, Molson Coors recently took a majority stake in ZOA Energy and entered an exclusive agreement with The Coca-Cola Company to launch a Simply-inspired brand. They have likewise collaborated with HEXO Corp to expand a joint venture in Colorado, and TRU Colors expect their partnership to end street violence and unite diverse communities in America. Amidst the strategic actions, Molson Coors also faced some challenges including tariff-led issues and the need for cost-cutting measures due to the pandemic.
Molson Coors Beverage Company Class B TAP News Analytics from Wed, 06 Jun 2018 07:00:00 GMT to Fri, 02 May 2025 16:45:13 GMT -
Rating 8
- Innovation 7
- Rumor -2
