Molson Coors tumbles after cutting jobs and missing quarterly forecasts - Business Insider

stock sank as much as 5% on Wednesday after the beverage company missed analysts estimates for third-quarter earnings and revenue.a revitalization plan alongside the earnings report, estimating it will unlock $150 million in savings by 2022.

"We can continue down the path we've been on for several years now, or we can make the significant and difficult changes necessary to get back on the right track," Hattersley said.Adjusted earnings per share:24.7 hectoliters, down 2.4% from the year-ago period The new company strategy also brings a slight name change, with Molson Coors Beverage Company replacing its current name, Molson Coors Brewing Company.

I honestly don't know how anyone thinks Molson, Coors, Bud, Millers tastes great. MolsonCoors

abinbev strategies

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: GE, Yum, Molson Coors, Garmin, Amgen & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: GE, Yum, Molson Coors, Garmin, Amgen & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Juul will cut 500 jobs as it prepares for a ban on flavored pods - Business InsiderJuul will cut 500 jobs as it prepares for a proposed nation-wide ban on flavored pods, which comprise over 80% of its US sales.
Source: BusinessInsider - 🏆 729. / 51 Read more »

GM quarterly profit falls but beats Wall Street estimates - Business InsiderA 40-day strike and lower China sales were offset by sold US-market results thanks to sales of high-margin vehicles.
Source: BusinessInsider - 🏆 729. / 51 Read more »