Molson Coors looks to lock in market share gains as consumers shift away from Bud Light
Molson Coors(TAP) CNBC·2024-02-13 19:22
Brewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead.The company, which makes Coors Light and Miller Lite, reported strong fourth-quarter earnings on Tuesday as net sales for 2023 grew 9.3%. Those revenue gains were in large part tied to consumers migrating away from AB-InBev's Bud Light products after boycotts began last April."Molson Coors was well positioned to benefit from the significant shifts in consumer purchasing habits," the company said in its e ...