Consumers are thinking twice about how much they can spend on beverages and booze.
" Consumers making different pack sizes choices," Molson Coors CEO Gavin Hattersley told Yahoo Finance in an exclusive interview. He said this behavior has been going on "for a while" and is "pretty consistent through through Q2."
Molson Coors saw its US volume spike 5% in Q2 last year as the Bud Light boycott drove drinkers to tis brands. It said it held onto 80% of the market share it gained. "There were some weeks which are good. There were some weeks that were not but when you took the whole quarter together, it was a pretty similar trend to that which we've been experiencing," he said.
"We've put a lot of hard work into our brands over the last over the last four years, trying to make sure they're healthy... consistent and the quality is great," Hattersley said, pointing out year-over-year comparison for this Q2 is especially tough given the big Q2 they had in 2023.in the US, which he said "is a passion point" for one of its biggest, most important consumers, the Latinx population.
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