Molson Coors Stock Pops After Earnings Beat
TAPMolson Coors(TAP) Investopedia·2024-08-07 04:51

Key TakeawaysBrewing giant Molson Coors topped quarterly revenue and earnings expectations, boosted by an increase in net pricing and favorable sales mix.The company said the results demonstrated progress on its strategic initiatives, including its "Acceleration Plan."Molson Coors shares added more than 5% Tuesday following the earnings release, though they remained in negative territory for 2024. Shares of Molson Coors Beverage Company (TAP) jumped over 5% Tuesday after the brewing giant reported better-th ...