Molson Coors stock rallies as adjusted profit jumps 82%

Molson Coors Beverage Co.’s stock rallied Tuesday even as the broad market sagged as the beer maker’s adjusted profit jumped 82.3% and beat Wall Street estimates.

Molson Coors TAP cited a “favorable sales mix” as well as increased pricing for the stronger-than-expected profit performance, which took place during a time when rival Anheuser-Busch InBev BUD, which makes Budweiser, has drawn pushback on social media for its use of transgender influencer Dylan Mulvaney as a Bud Light spokesperson.

Molson…