Finding companies that capable of performing well even in a recession can be a challenge for investors. Companies that sell everyday basics, like food, beverages, and cleaning products fall into this category. After all, even when times are tough, people still need to eat, drink, and clean.
And people tend to stay at home more in a poor economy to save money, so they may spend more on shopping for these things. During the pandemic, social distancing rules stay-at-home mandates have exacerbated these normal downturn responses. And supermarkets, grocery stores, and liquor stores have all been broadly classified as essential businesses.
Where does Molson Coors (NYSE: TAP), which sells beer under brands such as Coors, Miller, and Blue Moon, fit into this landscape?