Molson Coors Rises 5% Post Q3 Earnings: Buy, Hold or Avoid the Stock?
Molson Coors(TAP) ZACKS·2024-11-12 02:26
Molson Coors Beverage Company’s (TAP) shares have risen nearly 5% since it released third-quarter 2024 results on Nov. 7. The company’s top and bottom lines beat the Zacks Consensus Estimate but declined year over year.In addition, the company lowered its 2024 sales forecast to a 1% decline on a constant-currency basis from the previously mentioned low-single-digit growth, due to the ongoing macroeconomic pressures on the U.S. beer industry and lower U.S. financial volumes during this year’s peak season.Des ...