Welcome to our dedicated page for Molson Coors Beverage news (Ticker: TAP), a resource for investors and traders seeking the latest updates and insights on Molson Coors Beverage stock.
Molson Coors Beverage Company (TAP) delivers a dynamic portfolio of premium beverages across global markets. This page aggregates official press releases, financial updates, and strategic announcements from one of the world’s most established brewers.
Investors and industry professionals will find curated updates on earnings reports, product innovations, sustainability initiatives, and market expansions. Our repository ensures efficient access to material developments affecting TAP’s position in the beverage sector.
Content spans regulatory filings, leadership changes, brand partnerships, and operational milestones. Each update is organized to provide clarity on how Molson Coors navigates evolving consumer preferences and competitive landscapes.
Bookmark this page for streamlined tracking of TAP’s corporate trajectory. Combine these verified updates with broader market analysis to inform your perspective on the company’s performance.
The Molson Coors Beverage Company (NYSE: TAP; TSX: TPX) has appointed Eric Gunning as Corporate Secretary, alongside his existing role as Deputy Chief Legal Officer. Gunning, who has been with the company for nine years, has held multiple legal and compliance positions, highlighting his significance to the organization. The announcement comes from Lee Reichert, the current Corporate Secretary, emphasizing Gunning's invaluable contributions to the Board of Directors.
Molson Coors Beverage Company is launching the 'Stonecation' campaign, offering a chance to win $10,000 to five individuals to fund their summer vacations. To enter, customers must purchase a 12-pack or larger of Keystone Light and submit their receipts via KeystoneLightSummer.com or by scanning in-store signage. The contest runs from May 4, 2021, to July 10, 2021. This initiative aims to relieve financial burdens for consumers looking to enjoy summer vacations, emphasizing the importance of spending quality time outdoors with family and friends.
Molson Coors Beverage Company (NYSE: TAP, TAP.A) reported a 9.7% decline in net sales revenue for Q1 2021, totaling $1.90 billion, impacted by decreased volumes in North America and Europe. U.S. GAAP net income was $84.1 million ($0.39 per share), while underlying EBITDA fell 20.2% to $280 million. CEO Gavin Hattersley noted progress in their revitalization plan despite challenges like a cybersecurity incident and pandemic-related restrictions. The company anticipates a mid-single-digit revenue increase and plans to reinstate dividends in H2 2021, focusing on debt reduction and investment.
TRU Colors Brewery has partnered with Molson Coors Beverage Company (NYSE: TAP) to accelerate its brand growth and distribution. Established in 2019, TRU Colors aims to address street violence by employing active gang members and promoting economic equity. The partnership involves equity investment from Molson Coors, which will aid in distribution, marketing, and product development. TRU Colors plans to launch its first product, TRU Light, a lager, in summer 2021, with aspirations for nationwide distribution. The brewery's facility in Wilmington, NC, is set to produce over 1 million cases annually.
The Molson Coors Beverage Company (NYSE: TAP; TSX: TPX) has nominated Julia M. Brown as an independent director for election at the Annual Meeting of Stockholders on May 26, 2021. Brown, a seasoned supply chain executive, previously served as Chief Procurement Officer at Mars Wrigley, overseeing $10 billion in expenditures. The board also announced Iain Napier's retirement from board service. Chair Andrew Molson emphasized Brown's strategic leadership and unique insights for the company's growth. Brown has been recognized by various organizations for her influence in corporate America.
On February 22, 2021, Vizzy Hard Seltzer announced the launch of a new variety pack featuring four dual-flavor combinations: Papaya Passionfruit, Blackberry Lemon, Watermelon Strawberry, and Raspberry Tangerine. Each can includes 100 calories, 1 gram of sugar, and 5% alcohol by volume. The pack will be available nationwide starting March 1, and Vizzy is also expanding into Canada. Marketing director Elizabeth Hitch highlighted the brand's fast growth, noting its placement on Nielsen's Top 10 Growth Brands.
Future Proof Brands has achieved a legal victory as the District Court for the Western District of Texas denied Molson Coors' motion to dismiss the trademark infringement claim regarding Brizzy, Future Proof's hard seltzer. This ruling allows the lawsuit to proceed into the discovery phase, where Future Proof aims to investigate market confusion caused by Molson Coors' competing product, Vizzy. The company, recognized for its rapid growth and innovative products, continues to pursue legal action to protect its brand.
Future Proof Brands has made significant progress in their federal trademark infringement case against Molson Coors over similarities between their Brizzy hard seltzer and Vizzy, a competing product. The Fifth Circuit validated Future Proof's trademark and allowed the case to advance to the discovery phase. Future Proof aims to demonstrate market confusion caused by Vizzy's launch. The company, known for its BeatBox beverages, has received accolades for rapid growth and innovation in the beverage sector.
Molson Coors Beverage Company (NYSE: TAP) announced a significant production capacity increase of over 400% at its Fort Worth and Milwaukee breweries. This expansion supports the surging sales of its products like Vizzy, Coors Seltzer, and Blue Moon LightSky, which are among the top-selling innovations in the beverage market. The upgrade includes new canning lines and advanced filtration systems, enabling rapid production to meet consumer demand. Additionally, Molson Coors continues to invest in new breweries and partnerships, underpinning its strategy to expand its above-premium beverage offerings.
Molson Coors Beverage Company (NYSE: TAP) completed the sale of its Irwindale, California brewery to Pabst Brewing Company, with the transaction valued at $150 million. This sale follows Molson Coors's decision in January 2020 to cease production at the facility. The acquisition by Pabst allows for a potential reopening of the brewery, as stated by Irwindale Brew Yard President Adam Sher. Molson Coors aims to enhance operational efficiency and liquidity by transitioning production to its breweries in Golden, Colorado, and Fort Worth, Texas.
