Molson Coors Beverage Company (TAP)
- Yahoo Finance Video
Dave & Busters, Walmart, Molson Coors: Trending tickers
Dave & Buster's (PLAY) has announced plans to allow customers to place bets on their arcade games. To facilitate this venture, the entertainment giant has partnered with software platform Lucra. Retail giant Walmart (WMT) is introducing a new private label brand, bettergoods, to cater to budget-conscious consumers. With over 300 products in its lineup, products will range from five dollars or less. Shares of Molson Coors Beverage Comapny (TAP) are under pressure as executives signal a more cautious outlook for the beverage maker moving forward. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
- Reuters
UPDATE 1-Molson Coors beats Q1 estimates but cautious outlook drags shares
Molson Coors surpassed Wall Street estimates for first-quarter sales and profit on Tuesday, helped by higher prices and steady demand for brands such as Coors Light and Miller Lite. However, the company took a more cautious stance on the industry outlook and reaffirmed its full-year sales and profit forecasts, sending its shares down 7.6%. Consumers have been willing to stretch their budgets a little more to purchase Molson's products given that beers are generally considered as recession-proof.
- Zacks
Compared to Estimates, Molson Coors (TAP) Q1 Earnings: A Look at Key Metrics
The headline numbers for Molson Coors (TAP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
