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Earnings Results: Molson Coors stock rallies as adjusted profit jumps 82%

Beer maker blasts past analysts' expectations for earnings per share and revenue as it reports favorable prices and sales. Read More...

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.


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