Daily Brew
May 02, 2023
Molson Coors first-quarter results ‘reaffirm’ there is thirst for beer
The North American brewer, which owns brands including Coors, Staropramen, Carling, Madri Excepcional and Blue Moon as well as recently announcing a distribution partnership with vodka brand Black Cow, has been lifting prices of its products after myriad inflated costs have hampered the industry. The company revealed in its latest statement that “net sales increased 5.9% reported and 8.2% in constant currency driven by favorable price and sales mix offset by a slight decline in financial volume”.