Latest news with #MolsonCoors
Yahoo
18-07-2025
- Business
- Yahoo
The Beer Store adds 10 more locations to a growing list of closures
Ontario-based beer retailer The Beer Store is adding to a growing list of closures with 10 more locations slated for September as alcohol sales in grocery and convenience stores become more prevalent. The locations to close on Sept. 14 – scattered across the province – add to the 34 locations already closed or scheduled to close later this summer. 'The retail market for beer is changing in Ontario and for The Beer Store that means making the difficult decision to close some retail locations, Ozzie Ahmed, vice-president of retail at The Beer Store, said in a news release. 'This is not an easy decision and not one we make lightly.' 'The Beer Store recognizes the contributions our employees make to the business and in the communities where we operate. All efforts will be made to support employees through this process in alignment with commitments and agreements.' The Beer Store, legally operating as Brewers Retail Inc., is the largest beer retailer in Ontario, with 6,500 full- and part-time workers. Unlike the Liquor Control Board of Ontario (LCBO), it is privately-owned for the most part by three major brewing companies: Molson Coors Beverage Co., Labatt Brewing Co. Ltd. (owned by Anheuser-Busch InBev SA/NV) and Sleeman Breweries Ltd. (owned by Sapporo Breweries Ltd.) For decades, The Beer Store held a near-monopoly on beer sales in Ontario, but that has slowly changed. Ontario began allowing beer sales in some grocery stores in 2015, then last year Ontario Premier Doug Ford further expanded the plan to all grocery stores and convenience stores. With the expanded alcohol sales, Ford offered up to $225 million in public funding for the retailer to keep 300 stores open until the end of 2025, and keep workers employed. The company had 407 stores in 2024, according to its 2024 operations report. The Beer Store is planning to run its recycling program until at least 2031. Here's the list of store closures: Effective July 20, 2025: Ajax – 1953 Ravenscroft Rd., Ajax, ON, L1T 0K4 Azilda – 93 Notre Dame St. E., Azilda, ON, P0M 1B0 Levack – 3rd Ave. & Main St., Levack, ON, P0M 2CO Markham – 5804 Hwy 7, Markham, ON, L3P 1A6 Milton – 51 Millside Dr., Milton, ON, L9T 2S1 Milton – 1015 Bronte St. S., Milton, ON, L9T 8X3 Ottawa – 900 Bank St., Ottawa, ON, K1S 3W6 Toronto – 89 Laird Drive., Unit 1, East York, ON, M4G 3T7 Toronto – 41 Mill St, Toronto, ON, M5A 3R6 Effective Aug. 10, 2025: Amherstview – 4501 Bath Rd., Amherstview, ON., K7N 1A6 Cambridge – 130 Cedar St., Cambridge, ON., N1S 1W4 Iroquois Falls – 227 Cambridge Ave., Iroquois Falls, ON., P0K 1E0 Mississauga – 2925 Eglinton Ave. W., Mississauga, ON., L5M 6J3 Mississauga – 3154 Hurontario St., Mississauga, ON., L5B 1N9 Mississauga – 65 Queen St. N., Mississauga, ON., L5N 1A4 Oakville – 1431 Rebecca St., Oakville, ON., L6L 1Z6 Scarborough – 2934 Finch Ave. E., Scarborough, ON., M1W 2T4 Tottenham – 55 Queen St., Tottenham, ON., L0G 1W0 Vaughan – 1470 Major Mackenzie Dr., Vaughan, ON, L6A 4H6 Effective Sept. 14, 2025: Burlington – 2020 Appleby Line, Burlington, ON L7L 6M6 Deep River – 3322 5 Hwy. #17, Deep River, ON K0J 1P0 Hamilton – 229 Dundurn St. S, Hamilton, ON L8P 4K8 Northbrook – 12334 Hwy. #41, PO Box 17, Northbrook, ON K0H 2G0 Ottawa – 1910 St. Laurent Blvd., Ottawa, ON K1G 1A4 Ridgetown – Erie St. S, #21 Hwy, Ridgetown, ON N0P 2C0 Scarborough – 4479 Kingston Rd, Scarborough, ON M1E 2N7 Sioux Lookout – 41 Front St, Sioux Lookout, ON P8T 1A3 Toronto – 636 Greenwood Ave., Toronto, ON M4J 4B2 Unionville – 4681 Hwy # 7, Unionville, ON L3R 1M6 Already closed: Ottawa – 2144 Carling Ave., Ottawa, ON K2A 1H1 Toronto – 761 Queen St. W., Toronto, ON M6J 1E5 Toronto (East York) – 1270 Woodbine Ave., Toronto, ON M4C 4E6 Woodbridge – 7676 Islington Ave. W., Woodbridge, ON L4L 1W3 Aurora – 14800 Yonge St., Aurora, ON L4G 1N3 Coboconk – 6716 Hwy.#35, PO Box 269, Coboconk, ON K0M 1K0 Cornwall – 1396 2nd St. E., Cornwall, ON K6H 2B8 Oakville – 104 Lakeshore Rd. W., Oakville, ON L6K 1E3 Oakville – 1011 Upper Middle Rd., Oakville, ON L6H 4L2 Richmond Hill – 13469 Yonge St., Richmond Hill, ON L4E 0L2 Toronto – 609 Roehampton Ave., Toronto ON M4P 1S7 Toronto – 1580 Avenue Rd., Toronto ON M5M 3X6 Wiarton – 690 Berford St., PO Box 202, Wiarton, ON N0H 2T0 Windsor – 790 Goyeau St., Windsor, ON N9A 1H6 Windsor – 1780 College Ave., Windsor, ON N9B 1M3 With files from Denise Paglinawan • Email: bcousins@
Yahoo
17-07-2025
- Business
- Yahoo
Molson Coors' Earnings Preview: What to Expect
Golden, Colorado-based Molson Coors Beverage Company (TAP) manufactures, markets, and sells beer and other malt beverage products in the Americas and internationally. With a market capitalization of $10 billion, the company sells its products under the following brands: Cobra, Corona Extra, Coors Original, Five Trail, Heineken, Coors Banquet, Coors Light, Jelen, Kamenitza, and Miller Lite. The company is poised to announce its Q2 2025 earnings results on Tuesday, August 5, before the market opens. Ahead of this event, analysts expect the company to report an adjusted EPS of $1.84, down 4.2% from $1.92 in the same quarter last year. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters, while missing on another occasion. More News from Barchart Dear Nvidia Stock Fans, Mark Your Calendars for July 16 Seeking Passive Income? This 'Strong Buy' Dividend Stock Yields 8.6%. How to Buy Tesla for a 13% Discount, or Achieve a 26% Annual Return Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For fiscal 2025, analysts expect ON to report an adjusted EPS of $5.92, down marginally year-over-year from $5.96 in fiscal 2024. However, in fiscal 2026, the company's adjusted EPS is expected to increase 5.2% year-over-year to $6.23. TAP stock has declined 4.5% over the past 52 weeks, underperforming the Consumer Staples Select Sector SPDR Fund's (XLP) 4% surge and the S&P 500 Index's ($SPX) 10.9% rise during the same time frame. TAP shares fell 4.5% following the release of its Q1 2025 results on May 8. The beer maker reported revenue of $2.69 billion for the period, which fell short of Wall Street estimates. Additionally, the company's adjusted EPS for the quarter was $0.50, which fell short of the consensus estimate by 37.5%. Wall Street analysts are moderately optimistic about TAP's stock, with an overall "Moderate Buy" rating. Among 21 analysts covering the stock, five recommend "Strong Buy," one suggests a 'Moderate Buy,' and 15 indicate a 'Hold.' The mean price target of $59.52 indicates a 21.3% potential upside from TAP's current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
15-07-2025
- Business
- Yahoo
Hensol Castle secures UK on-trade distribution deal with Molson Coors
Hensol Castle Distillery is looking for Molson Coors Beverage Company to boost the Welsh distiller's presence in the UK on-trade. In a statement, Hensol Castle Distillery said the nationwide deal is a 'significant step' in its growth beyond its south Wales and will make its spirits accessible to a 'broader on-trade audience'. Initially, the tie-up will focus on gin and rum sold under the Hensol Castle brand and vodka and gin marketed under the Benjamin Hall brand. Chris Leeke, managing director and co-founder of Hensol Castle Distillery, said the deal is a 'game-changer for us'. He added: "Working with Molson Coors allows our spirits to reach new audiences and brings our castle-crafted quality to bars and restaurants right across the UK." Molson Coors, the owner of brands including Carling and Staropramen, is one of the largest brewers operating in the country. The UK is Hensol Castle Distillery's main market but it has distribution in Canada, Belgium and through travel retail. In the UK, the distiller also supplies supermarket chains Tesco, Asda and Morrisons. The company also offers a white-label service supplying retail and hospitality customers Martin Anderson, a regional sales controller at Molson Coors, said: "We are excited to add Hensol Castle to our extensive on-trade distribution portfolio, bringing the unique offering of their portfolio to customers near and far." "Hensol Castle secures UK on-trade distribution deal with Molson Coors " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
08-07-2025
- Business
- Yahoo
NAKED LIFE NON-ALCOHOLIC COCKTAILS ARE NOW AVAILABLE IN THE U.S.
Molson Coors Brings Australia's #1 Non-Alcoholic RTD Cocktail Brand Stateside with an Exceptional, Better-For-You Lineup CHICAGO, July 8, 2025 /PRNewswire/ -- Naked Life, the award winning non-alcoholic cocktail brand redefining the zero-proof category in Australia, has officially arrived in the U.S. Joining a global portfolio of iconic beverages under Molson Coors Non-Alc, Naked Life is now available nationwide via Amazon, Total Wine, and select West Michigan Meijer stores – offering premium, ready-to-drink cocktails with no alcohol and no sugar. The U.S. launch comes as demand for non-alcoholic cocktails continues to surge. Volume of non-alcoholic ready-to-drink cocktails grew 267% from 2023 to 2024, making it the fastest-growing segment across the no/low alcohol landscape. And the growth isn't slowing: the category is expected to grow another 27% over the next four years, far outpacing full-strength cocktails.* That surge reflects a shift in how and why people drink. Nearly 65% of consumers say they're making more mindful choices around alcohol**, and platforms like TikTok are buzzing with interest: with over 100,000 videos using #SoberCurious and continues to trend upward. Already a breakout success in Australia, Naked Life commands nearly half of all non-alcoholic RTD occasions in the country, making it the category leader. The brand's appeal extends beyond sober consumers – 83% of Naked Life drinkers also consume alcohol – highlighting its role as a complement to traditional cocktails. Feedback consistently highlights how Naked Life truly tastes like a cocktail, with complex, layered flavors designed to be sipped – delivering the same satisfying experience as a well-made drink, minus the alcohol. "We created Naked Life to make non-alc cocktails more accessible– without compromising on flavor, experience, or occasion," said David Andrew, founder of Naked Life. "Seeing the movement toward mindful drinking grow globally, we're excited to bring Naked Life to the U.S. and offer people a new way to enjoy the cocktail moment, wherever and whenever they want." Crafted with distilled botanicals, real extracts, and layered flavor complexity, Naked Life cocktails are made to be enjoyed anywhere, anytime – no mixology required. Naked Life is available for $9.99 per 4-pack and the U.S. lineup includes: Mojito – Citrusy lime and fresh mint flavors complement the notes of rich brown sugar and rum Negroni Spritz – Cherry, amaro and orange with the bitter hints of chinchona and bitter orange Classic G&T – Lemon, bitter orange, cinchona, and juniper berry flavors Cosmo – Cranberry and lime flavors with subtle orange notes Margarita – Lime and salt flavors with subtle notes from our batch distilled botanical blend Naked Life joins Molson Coors growing portfolio of non-alc beverages and modern brands that fit any occasion and marks the company's latest play in the non-alcoholic cocktail space in the U.S. To learn more visit or follow along @drinknakedlife on Instagram. * IWSR No/Low-Alc Strategic Study, 2024** Ipsos Omnibus Survey, 2024 About Molson Coors Beverage CompanyFor more than two centuries, Molson Coors has brewed beverages that unite people to celebrate all life's moments. From our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko to our above premium brands including Madri Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel's Summer Shandy, to our economy and value brands like Miller High Life and Keystone Light, we produce many beloved and iconic beers. While Molson Coors' history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits like Five Trail whiskey and non-alcoholic beverages like ZOA Energy. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions. Molson Coors Beverage Company is a publicly traded company that operates through its Americas and EMEA&APAC reporting segments and is traded on the New York Stock Exchange and Toronto Stock Exchange. To learn more about Molson Coors Beverage Company, visit About Naked LifeNaked Life's is Australia's no.1 Non Alc RTD brand with a vision to be the world's leading no/low beverage brand. Naked Life focuses on creating a platform of products for the moderating consumer, enabling them to celebrate their way, whichever way that is. MEDIA CONTACTSALISON BROD MARKETING + COMMUNICATIONSBrooke Scher Moganbrooke@ MOLSON COORS BEVERAGE COMPANYVincent View original content to download multimedia: SOURCE Naked Life Sign in to access your portfolio
National Post
08-07-2025
- Business
- National Post
Molson Coors Beverage Company to Webcast 2025 Second Quarter Earnings Conference Call
Article content GOLDEN, Colo. & MONTREAL — Molson Coors Beverage Company (NYSE: TAP, TAP.A; TSX: TPX.B, TPX.A) will host a webcast of the Company's 2025 Second Quarter Earnings Conference Call with investors and financial analysts at 8:30 a.m. Eastern Time on Tuesday, August 5, 2025. The Company is expected to release earnings at approximately 6:30 a.m. Eastern Time on the same day. The webcast will be accessible via the Investor Relations page of the Molson Coors Beverage Company website, An online replay of the earnings call webcast is expected to be posted within two hours following the live webcast. Article content Overview of Molson Coors Beverage Company Article content Article content For over two centuries, we have been brewing beverages that unite people to celebrate all life's moments. From our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko to our above premium brands including Madrí Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel's Summer Shandy, to our economy and value brands like Miller High Life and Keystone Light, we produce many beloved and iconic beer brands. While our Company's history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits like Five Trail whiskey and non-alcoholic beverages. We also have partner brands, such as Simply Spiked, ZOA Energy and Fever-Tree, among others, through license, distribution, partnership and joint venture agreements. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions. Article content Molson Coors Canada Inc. (MCCI) is a subsidiary of Molson Coors Beverage Company (MCBC). MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of MCBC, as described in MCBC's annual proxy statement and annual report on Form 10-K filings with the U.S. Securities and Exchange Commission. The trustee holder of the special Class A voting stock and the special Class B voting stock has the right to cast a number of votes equal to the number of then outstanding Class A exchangeable shares and Class B exchangeable shares, respectively. Article content Article content Article content Article content Article content Contacts Article content Article content Traci Mangini Article content Article content Article content Article content
