Group 1 - The S&P 500's consumer staples sector was the best-performing sector, up approximately 1.1%, as tech stocks pulled the benchmark index lower [2][4] - Molson Coors (TAP) was the best-performing stock in the index, rising about 5%, with other top gainers including JM Smucker (SJM), Campbell Soup (CPB), and Constellation Brands (STZ) [3] - Constellation Brands updated its full-year guidance, increasing the low end of its earnings per share (EPS) outlook [3] Group 2 - Most consumer staples stocks were performing well, with exceptions including Costco Wholesale (COST), Target (TGT), and Dollar Tree (DLTR), which were among the few retailers declining [4] - Dollar Tree's shares were slipping ahead of its second-quarter financial results, expected to be released soon [4]

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Jack Andersen/DigitalVision via Getty Images Molson Coors Beverage Company (NYSE:TAP) continues to report beneficial quarterly figures from its ongoing strategy of premiumization of the portfolio, mainly in the EMEA and APAC regions. Even if the volume declines, in my view, TAP could deliver net sales growth driven by successful favorable price and sales mix. I also expect that inorganic growth could bring additional net income growth. In my view, the company's net debt/EBITDA and expertise in acquiring tar ...

Molson Coors Beverage Company (TAP) seems well-poised for growth, thanks to its sturdy business strategies. The company has been gaining from brand strength and robust performances across its portfolio and geographical segments. Smooth progress on its Acceleration Plan also bodes well. The company is on track with its revitalization plan, which focuses on achieving sustainable top-line growth by streamlining the organization and reinvesting resources into its brands and capabilities. It intends to invest in ...

Company Overview - Molson Coors Beverage Company, previously known as Molson Coors Brewing Company, was formed by the merger of Molson Inc. and Adolph Coors Co. in February 2005 [11] - The company is a global manufacturer and seller of beer and other beverage products, with a diverse portfolio of owned and partner brands including Blue Moon, Miller Lite, CoorsBanquet, Coors Light, and regional brands like Carling and Molson Canadian [11] Investment Analysis - Molson Coors has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid position in the market [12] - The company has a Momentum Style Score of A, with shares increasing by 0.8% over the past four weeks [12] - For fiscal 2024, nine analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.07 to $5.75 per share [12] - Molson Coors boasts an average earnings surprise of 20%, suggesting strong performance relative to expectations [12] - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Molson Coors is recommended for investors' consideration [13]

Key Takeaways Brewing 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 ...

Molson Coors Beverage Company (TAP) has posted impressive second-quarter 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate and improved year over year. The results have been mainly aided by an improved price and sales mix, offset by adverse currency, and soft financial and brand volumes, led by lower contract brewing volumes. The quarterly results reflect significant progress against the Acceleration Plan. Progress on its premiumization strategy varies across markets. The comp ...

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive has a presence in key finance and investing hubs with bureaus and studios located in major cities such as London, New York, and Sydney [2] Group 2 - The company utilizes technology to enhance workflows and has adopted automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [4]

For the quarter ended June 2024, Molson Coors Brewing (TAP) reported revenue of $3.25 billion, down 0.4% over the same period last year. EPS came in at $1.92, compared to $1.78 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.18 billion, representing a surprise of +2.37%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $1.68. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

Molson Coors Brewing (TAP) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this beer maker would post earnings of $0.71 per share when it actually produced earnings of $0.95, delivering a surprise of 33.80%. Over the last four quarters, the ...