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Molson Coors Canada Inc
Symbol TPX
Shares Issued 11,104,565
Close 2021-06-16 C$ 70.26
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FP/wire say Molson sees heady rebound in alcohol

2021-06-17 09:38 ET - In the News

The Financial Post reports in its Thursday, June 17, edition that alcohol demand at U.S. bars and restaurants is rebounding faster than Molson Coors Beverage had been expecting. A Bloomberg dispatch to the Post reports that as a result, the maker of Miller High Life beer and Vizzy hard seltzer is ahead of internal shipping forecasts in its home market, its chief executive said. "The pent-up demand for consumers to get out there is strong," Gavin Hattersley said Wednesday at an Evercore ISI conference, noting the resumption of sporting events and concerts is also fuelling sales. Still, he predicts it will take six to nine months for sales to return to 2019 levels. In the U.K. sales are on par with estimates and Canadian shipments worse than forecast, he said.

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