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Molson Coors Beverage Company (TAP) investor relations material
Molson Coors Beverage Company Morgan Stanley Global Consumer & Retail Conference 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Industry challenges and opportunities
U.S. beer industry volumes are expected to decline 4–6% this year, with macroeconomic headwinds and inflation impacting performance.
Focus remains on controllable factors: portfolio strength, infrastructure, and a robust balance sheet.
Strategic advantages include a broad brand portfolio, strong distribution, and improved financial health.
Emphasis on leveraging free cash flow and low leverage ratio to drive future growth.
Growth outlook and portfolio strategy
Industry volume declines are seen as cyclical, with expectations to return to a -3% range as conditions stabilize.
Growth plans center on strengthening core brands, revitalizing the economy segment, and expanding above premium and Beyond Beer offerings.
Above premium and Beyond Beer are viewed as key future growth vectors.
Core and above premium brand performance
Core brands like Coors Light and Banquet are gaining share, while Miller Lite needs regional improvement.
Investments in sports partnerships and new campaigns aim to boost brand health and sociability.
Above premium segment progress is strong internationally, with Peroni and Fever-Tree highlighted; U.S. premiumization remains a challenge.
Blue Moon innovation is showing promise, but core brand needs further support.
Flavored offerings are volatile; focus is on adapting to consumer trends and avoiding over-proliferation.
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