Molson Coors Takes a Hit Midday on Less Thirsty U.S. Consumers

12 Feb 2019

Molson Coors Takes a Hit Midday on Less Thirsty U.S. Consumers

Molson Coors Brewing (NYSE:TAPa) slumped 9.3% in midday trading.

Declining beer consumption in the U.S. also hit the company’s worldwide brand volume, which dropped 1.5% to 22 million hectoliters. The brewer reported revenue of $2.42 billion, compared to $2.55 billion forecast by analysts, according to .

Elsewhere in the sector, Anheuser Busch Inbev (NYSE:BUD) inched down 0.17%, while Constellation Brands (NYSE:STZ) was flat and Boston Beer (NYSE:SAM) slipped 0.6%.

Facebook Comments

You can comment on Molson Coors Takes a Hit Midday on Less Thirsty U.S. Consumers using Facebook here

Disqus Comments

Join the discussion on Molson Coors Takes a Hit Midday on Less Thirsty U.S. Consumers using Disqus