Molson Coors falls after Citi warns sales growth will slow as it laps difficult comparisons

seekingalpha04-24

Citi cut its rating on Molson Coors Beverage Company (NYSE:TAP) to Sell from Neutral on Wednesday. The firm thinks it will be difficult for the beer company to maintain its growth rate after taking ...

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The firm thinks it will be difficult for the beer company to maintain its growth rate after taking ...</p>\n\n<a href=\"https://seekingalpha.com/news/4093057-molson-coors-falls-after-citi-warns-sales-growth-will-slow-as-it-laps-difficult-comparisons\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Molson Coors falls after Citi warns sales growth will slow as it laps difficult comparisons</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMolson Coors falls after Citi warns sales growth will slow as it laps difficult comparisons\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4093057-molson-coors-falls-after-citi-warns-sales-growth-will-slow-as-it-laps-difficult-comparisons><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citi cut its rating on Molson Coors Beverage Company (NYSE:TAP) to Sell from Neutral on Wednesday. The firm thinks it will be difficult for the beer company to maintain its growth rate after taking ...</p>\n\n<a href=\"https://seekingalpha.com/news/4093057-molson-coors-falls-after-citi-warns-sales-growth-will-slow-as-it-laps-difficult-comparisons\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://seekingalpha.com/news/4093057-molson-coors-falls-after-citi-warns-sales-growth-will-slow-as-it-laps-difficult-comparisons","article_id":"2429696437","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/77240289/image_77240289.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429696437","pubTimestamp":1713960016,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Citi cut its rating on Molson Coors Beverage Company (NYSE:TAP) to Sell from Neutral on Wednesday. The firm thinks it will be difficult for the beer company to maintain its growth rate after taking so","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","BUD.AU":"Buddy Technologies Ltd","TAP":"莫库酒业","BK7119":"家用电器","BK4588":"碎股","TAP.AU":"Tap Oil","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BUD":"百威英博","BK4158":"啤酒酿造商"},"translate_title":"莫尔森库尔斯股价下跌，花旗警告销售增长将放缓，因为它难以进行比较","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUD":1,"BUD.AU":1,"TAP":1,"TAP.AU":1},"content_text":"Citi cut its rating on Molson Coors Beverage Company (NYSE:TAP) to Sell from Neutral on Wednesday. The firm thinks it will be difficult for the beer company to maintain its growth rate after taking some market share from Anheuser-Busch InBev (BUD) over the last year. \"While TAP has sounded bullish on Q1 trends (still on normal comps) and spring shelf space resets, we believe cycling a record topline/profit year (TAP indicated it realized six years of profit growth in 2023) could be extremely difficult,\" warned analyst Filippo Falorni. He noted that scanner data for early April suggests sales/volume trends for TAP’s beer brands have turned negative, which the firm expects to continue as comparisons get more difficult. Molson Coors (TAP) is also lapping large benefits from fixed-cost leverage on margins, that will also make its comparisons difficult in the upcoming quarters. In addition, Falorni said the valuation on TAP is currently close to the four-year average. Citi lowered its price target on Molson Coors (TAP) to $56. Shares of Molson Coors (TAP) fell 1.95% in premarket trading to $62.93 vs. the 52-week trading range of $55.67 to $70.90.  More on Molson Coors  Molson Coors Beverage Company: Shares Look Delectable Molson Coors Beverage Company (TAP) Q4 2023 Earnings Call Transcript Molson Coors Beverage Company 2024 Q4 - Results - Earnings Call Presentation Molson Coors trades higher after Goldman Sachs predicts Q1 earnings beat Anheuser-Busch InBev faces down first big union battle of 2024","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429696437"}