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Molson Coors Beverage’s Q2 Earnings Preview


Deutsche Bank analysts provided their outlook on Molson Coors Beverage Company (NYSE:TAP) ahead of the company’s Q2/22 earnings results, expected to be reported on Aug 2.
The analysts expect Q2 results to portray strength in the on-premise channel both in the US and Europe, with away-from-home consumption buttressed by conducive weather trends and proving additive to comparatively softer trends in off-premise—noting, however, the company’s beer portfolio share gains and distribution momentum in new offerings such as Topo Chico and Simply.
According to the analysts, the favorable channel mix shift, pricing actions, strength in the company’s above premium portfolio, and favorable hedges should all provide meaningful offsets to cost headwinds, operating inefficiencies, and the company’s elective marketing reinvestments this quarter.
The analysts increased their price target to $54 from $51, while reiterating their hold rating.










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