Molson Coors Not Likely to Have Growth on Tap in Q2
With the North American beer market in decline, not many are expecting Molson Coors (NYSE: TAP) to report heady growth numbers for the second quarter. But because the brewer is positioning itself for the future, this may be the point where it sets the stage to return to growth, albeit from a smaller base.
Investors appreciated Molson's 39% dividend increase to $0.57 per share from $0.41, but that may have just been a salve to put on the burn they feel when it reports results. Since the brewer is scheduled to release its financials on Wednesday, July 31, let's see what investors might expect this quarter.
Molson Coors is tapping into the continued popularity of imported Mexican beer with its Sol brand. Image source: Molson Coors.
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