Tag: Molson Coors Beverage Co. Cl B
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Bud Light boycott has been good for Molson Coors, but gains aren’t set in stone, analysts say
[ad_1] As Bud Light sales drop amid a conservative-led boycott, beer drinkers have flocked to rival Molson Coors Beverage Co. for light-beer alternatives. But as the retreat from Bud reshapes the beer market, Wells Fargo analysts say investors have failed to ask a key question: What if Molson’s gains go away? Shares of Bud Light’s…
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Bud Light boycott is helping one of the beer’s main rivals, analysts say
[ad_1] The boycott of Bud Light over its partnership with a trans influencer has endured long enough to help one of its parent company’s main rivals, Molson Coors Beverage Co., analysts at BofA said on Tuesday. BofA Global Research analysts upgraded Molson Coors TAP, +2.08% — the brewer behind Coors Light and Miller Lite —…
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Molson Coors stock rallies as adjusted profit jumps 82%
[ad_1] 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…
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Bud Light backlash doesn’t help already struggling beer sales.
[ad_1] Beer sales were already flat. Now a right-wing backlash against one of the leading U.S. brands is adding to the industry’s problems. As slowing craft-beer sales continue to drag on the market, a number of politicians and celebrities are boycotting Bud Light. They’re in a lather because of a sponsored partnership between the beer…
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Conservative boycott could create a backlash to the Bud Light backlash
[ad_1] After Bud Light’s recent partnership with a transgender influencer, sales of the beer may take a hit as a result of conservative calls for a boycott — or they may get a boost from other people buying more of the product in response. But whatever the effect, analysts say, it will likely evaporate quickly.…