You might also like
Molson Coors Beverage Company, with a history spanning over two centuries, is primarily engaged in brewing beverages that unite people for celebrations. The company produces a diverse range of products, including core power beer brands such as Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling, and Ožujsko . Additionally, they offer above premium brands like Madri, Staropramen, Blue Moon Belgian White, and Leinenkugel’s Summer Shandy, as well as economy and value brands like Miller High Life and Keystone . Beyond beer, their portfolio includes flavored beverages like Vizzy Hard Seltzer, spirits such as Five Trail whiskey, and non-alcoholic beverages .
- Core Power Beer Brands - Produces popular beer brands including Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling, and Ožujsko.
- Above Premium Brands - Offers premium beer options such as Madri, Staropramen, Blue Moon Belgian White, and Leinenkugel’s Summer Shandy.
- Economy and Value Brands - Provides budget-friendly beer options like Miller High Life and Keystone.
- Flavored Beverages - Includes products like Vizzy Hard Seltzer, catering to consumers seeking flavored alcoholic drinks.
- Spirits - Features products such as Five Trail whiskey, expanding the company's offerings beyond beer.
- Non-Alcoholic Beverages - Offers a range of non-alcoholic drink options to cater to diverse consumer preferences.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Gavin D.K. Hattersley ExecutiveBoard | President and Chief Executive Officer | None | CEO since 2019, previously CFO of MillerCoors and Molson Coors. Extensive experience in financial leadership and operational management. | View Report → |
Michelle E. St. Jacques Executive | Chief Commercial Officer | None | CCO since 2023, previously Chief Marketing Officer. Key contributor to Molson Coors' strong financial performance and brand strategy. | |
Natalie Maciolek Executive | Chief Legal & Government Affairs Officer and Secretary | None | Appointed in 2023. Oversees legal and government affairs. Previously received a significant sign-on equity grant as part of her hire. | |
Tracey I. Joubert Executive | Chief Financial Officer | Director at JELD-WEN Holding, Inc.; Trustee at Boys and Girls Clubs of Milwaukee | CFO since 2016, previously CFO of MillerCoors. Extensive expertise in financial planning, analysis, and operational success. | |
Andrew T. Molson Board | Board Vice Chair | Partner and Chairman at AVENIR GLOBAL; Chairman at RES PUBLICA; Director at Theratechnologies Inc., Dundee Corporation, CH Group Limited Partnership, Groupe Deschênes Inc.; President of Molson Foundation | Director since 2005, Vice Chair since 2021. Extensive knowledge of Molson Coors' history and culture, with significant external leadership roles. | |
Charles M. Herington Board | Independent Director | COO, Vice Chairman, and President of Global Operations at Zumba Fitness LLC; Board Member at Gildan Activewear Inc.; Chairman of Quirch Foods, LLC; Director at HyCite Enterprises, LLC, Accupac, LLC | Director since 2005. Extensive experience in global operations and brand management. | |
H. Sanford Riley Board | Independent Director | President and CEO of Richardson Financial Group Limited; Director at RF Capital Group Inc., CPI Card Group; Chairman of University of Winnipeg Foundation | Director since 2005. Expertise in financial management and corporate governance. Member of the Order of Canada and Order of Manitoba. | |
Jill Timm Board | Independent Director | CFO at Kohl’s Corporation; Member of University of Wisconsin-Milwaukee Business Advisory Council; Board Member at Milwaukee Public Museum | Appointed in 2023. CFO of Kohl’s with extensive experience in financial strategy and corporate initiatives. | |
Leroy J. Williams, Jr. Board | Independent Director | Founder and CEO of CyberTekIQ, LLC; Director at UMB Financial Corporation, J.E. Dunn Construction Group; Board Advisor at Taiga Biotechnologies Inc.; Director at The Daniels Fund | Director since 2022. Extensive expertise in IT consulting and corporate governance. | |
Mary Lynn Ferguson-McHugh Board | Independent Director | Director at Smurfit Kappa Group plc, FJ Management Inc., Gojo Industries, Inc. | Director since 2015. Former CEO of Family Care and New Business at Procter & Gamble. Expertise in brand building, marketing, and innovation. | |
Roger G. Eaton Board | Independent Director | Director at Arnott’s Biscuits Holdings Pty Limited, George and Matilda Eyecare; Chairman at Ipic Pty Ltd. | Director since 2012. Former CEO of KFC with expertise in global operations and financial management. |
-
Given that you have adjusted your net sales revenue guidance to down approximately 1% from low single-digit growth previously , how confident are you in your ability to achieve positive top-line growth in the coming year , especially considering the softer-than-anticipated U.S. industry performance during the peak summer selling season and the potential pressures on consumer spending?
-
With the closure of your two underutilized U.S. regional craft breweries, Chippewa Falls and Tenth Street in Wisconsin, and shifting production to Milwaukee , can you elaborate on how this decision impacts your craft beer strategy and what steps you are taking to address the challenges in the U.S. above-premium segment ?
-
You've increased your ownership stake in ZOA to 51% , despite its current small presence in scanner data and limited performance ; what gives you confidence that this investment will drive significant growth, and how do you plan to scale the brand in a highly competitive energy drink market ?
-
You mentioned plans to onshore production of Peroni to improve supply consistency and introduce new pack sizes ; given the competitive and promotional environment in the import beer segment , what is your strategy to achieve significant growth for Peroni in the U.S. and how will you differentiate it from established European imports ?
-
Considering that you are expecting annual net price increases of 1% to 2% in North America , and mix to be a meaningful growth driver as you aim to reach about one-third of global net brand revenue from above premium , how do you plan to balance pricing and premiumization efforts with potential impacts on volume, particularly in light of shifting consumer preferences and economic uncertainties ?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
In the U.S. and Canada, the company competes most directly with this competitor's brands, which are part of the highly competitive beer industry. | |
Asahi | In the European countries where the company operates, this competitor is one of the primary competitors. |
Carlsberg | This competitor is a primary competitor in the European countries where the company operates. |
Heineken | This competitor is a primary competitor in the European countries where the company operates. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Fever-Tree USA, Inc. | 2025 | Molson Coors acquired the shares of Fever-Tree USA, Inc., obtaining exclusive U.S. rights to produce, market, and sell Fever-Tree products effective February 1, 2025, and also invested approximately $90 million in Fever-Tree Drinks Plc, with the acquisition structured as a business combination including anticipated integration costs. |
ZOA Energy, LLC | 2024 | Molson Coors increased its stake in ZOA Energy, LLC to 51% via a $53 million cash payment, recording it as a business combination; this move enhances control over marketing, retail, and direct-to-consumer sales, aligning with its expansion into the better-for-you energy drink category. |
Cobra Beer Partnership, Ltd. (CBPL) | 2024 | In 2024, after a put option was exercised in March, Molson Coors acquired the remaining 49.9% of CBPL, culminating in a final cash redemption of $89 million in October, with reclassification and adjustments impacting the NCI liability and interest expense. |
Blue Run Spirits, Inc. | 2023 | On August 7, 2023, Molson Coors acquired a 75% equity interest in Blue Run Spirits, Inc. for $78 million (including $65 million cash), as part of its strategy to expand into the high-end whiskey market with the transaction structured as a business combination and integrated under Coors Spirits Company. |
Recent press releases and 8-K filings for TAP.
- Q1 Performance: Reported net sales revenue of $2,304 million (down 10.4%-11.3% on a constant currency basis) with underlying income before taxes of $131 million and U.S. GAAP income before taxes of $156.3 million (down 41.1%) .
- Guidance Update: Full-year outlook now expects a low single-digit decline in net sales and underlying pretax income with underlying EPS growth in the low single digits; reaffirmed free cash flow guidance of $1.3 billion ±10% and revised capital expenditures of $650 million .
- Brand & Volume Strength: Core power brands such as Coors Light, Miller Lite, and Coors Banquet retained market share with U.S. core power brand volume share improving by 1.9 points .
- Capital Allocation: Delivered a quarterly dividend of $0.47 per share (up 6.8% YoY) and executed share repurchases—7.2% of Class B shares under a $2 billion program along with approximately 1.0 million shares for about $60 million .
- Operational Challenges: Q1 results were impacted by macro uncertainties, including a 14.3% decline in financial volume and negative free cash flow of $265 million .
- Leadership Update: CEO Gavin Hattersley announced his planned retirement effective December 31, 2025, marking a key transition .
- CEO Gavin Hattersley will retire by December 31, 2025, ending his long tenure and marking a leadership transition for the company.
- The Board has initiated a search process led by its Governance Committee, which will involve a nationally recognized search firm to find the next CEO.
- Hattersley's career highlights include substantial growth in revenue and a strengthened balance sheet, underscoring his positive impact on the company.