73.2 F
New York
Tuesday, October 3, 2023

Molson Coors stock rallies as adjusted profit jumps 82%

Must read


The Case for Free Trade

Pulmonary rehabilitation

Share Me


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 BUD, which makes Budweiser, has drawn pushback on social media for its use of transgender influencer Dylan Mulvaney as a Bud Light spokesperson.



Source link

- Advertisement -spot_img

More articles


Please enter your comment!
Please enter your name here

Latest article