Molson Coors Beverage Co. (TAP)
Pitch Summary: Molson Coors (TAP) is positioned poorly within a structurally declining beer industry. The author argues that U.S. beer volumes will contract faster than consensus expects (-3% to -5% CAGR vs. -1%) as beer consumption is heavily concentrated among a small subset of “super users” (obese men, binge-drinking 18–29 year-olds, and alcoholics). Each of […]
