Welcome to our dedicated page for Molson Coors Beverage Company Class B news (Ticker: TAP), a resource for investors and traders seeking the latest updates and insights on Molson Coors Beverage Company Class B stock.
Molson Coors Beverage Company (symbol: TAP) is a globally recognized leader in the brewing industry, known for delivering extraordinary brands that resonate with beer drinkers worldwide. With a rich heritage dating back over two centuries, Molson Coors operates through distinct regional divisions: Molson Coors North America and Molson Coors Europe. The company's portfolio includes iconic brands such as Coors Light, Molson Canadian, Carling, Staropramen, and Blue Moon, catering to a diverse range of tastes across the Americas, Europe, and Asia.
Molson Coors is committed to sustainability and has been listed on the Dow Jones Sustainability World Index for multiple years. The firm’s dedication to environmental and social goals is encapsulated in its 'Our Beer Print' initiative and its ambitious 2025 sustainability targets. The company also collaborates with major global brands like Heineken and Coca-Cola through licensing agreements, further expanding its reach and product offerings.
The company’s operations in North America, which account for over 80% of total revenue, utilize a combination of independent distributors and in-house sales teams. This strategic approach ensures efficient market penetration and consumer engagement. In recent years, Molson Coors has ventured beyond traditional beer offerings to include sparkling cocktails, canned wine, kombucha, cider, and more, aligning with evolving consumer preferences.
Recent highlights include a fresh multi-year music partnership with Grammy-nominated country superstar Lainey Wilson. This collaboration not only boosts the visibility of Coors Light but also engages fans through exclusive merchandise and concert experiences. Another significant development is the launch of Barmen 1873 Bourbon, marking the brand’s first celebrity partnership. These initiatives reflect Molson Coors’ strategy of blending tradition with innovation to stay relevant in a competitive market.
Financially, Molson Coors remains robust, with steady revenue streams from its diverse product lines and strategic partnerships. The company is publicly traded on the New York and Canadian Stock Exchanges under the ticker TAP, offering investors a stake in one of the most enduring and dynamic beverage companies globally.
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.
Molson Coors Beverage Company will host a Q1 2022 Earnings Conference Call on May 3, 2022, at 11:00 a.m. ET. Earnings will be released at 7:00 a.m. ET on the same day. Key executives, including Gavin Hattersley (CEO) and Tracey Joubert (CFO), will participate. The webcast can be accessed via the Investor Relations page and will have a replay available until August 1, 2022. Molson Coors, trading under TAP on NYSE, has a rich history of over 200 years in beverage production.
The board of directors of Molson Coors Beverage Company (NYSE: TAP) has nominated Leroy J. Williams, Jr. as an independent director for election at the Annual Meeting on May 18, 2022. Williams, CEO of CyberTekIQ, LLC, brings extensive experience from cybersecurity to business development. His past roles include Global Chief Information Officer at Ball Corporation and various cabinet positions in Colorado. His election is expected to enhance the board's strategic guidance as the company continues its growth trajectory.
Coors Light introduces the Chillollipop, a beer-flavored lollipop designed to calm stressed sports fans during college basketball season. This social experiment aims to explore the calming effects of lollipops during high-stress moments, as noted by professor Donald E. Gibson. The Chillollipop, available for
Molson Coors Beverage Company (NYSE: TAP) announced an $85 million investment to eliminate plastic rings from Coors Light packaging globally, becoming the largest North American beer brand to do so. This transition to recyclable cardboard-wrap carriers is set to start later this year, aiming to save 1.7 million pounds of plastic waste annually. The initiative supports Molson Coors' sustainability goals of achieving 100% reusable or recyclable packaging by 2025. Coors Light will highlight its commitment at a pop-up store in NYC from March 2-6.
Molson Coors Beverage Company (TAP, TAP.A) reported strong Q4 2021 results, with net sales increasing by 14.2% to $2.62 billion, driven by volume growth and premium pricing across its segments. The firm achieved a net income of $80 million, translating to $0.37 per diluted share, while non-GAAP diluted EPS soared 102.5% to $0.81. For the full year, net sales grew 6.5% to $10.28 billion, and underlying EBITDA decreased by 3.5% to $2.08 billion. The Board raised the quarterly dividend by 12% to $0.38 per share and provided positive guidance for 2022, aiming for continued top and bottom-line growth.
Molson Coors Beverage Company (NYSE: TAP) has expanded its agreement with The Coca-Cola Company (NYSE: KO) to launch Simply Spiked Lemonade this summer, following the success of Topo Chico Hard Seltzer. The new product line will include a variety pack inspired by Simply's best-selling non-alcoholic flavors. As Simply is a $1 billion+ brand found in 50% of U.S. households, this collaboration aims to disrupt the full-flavor alcohol market. This initiative supports Molson Coors' strategy to enhance its premium portfolio.
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