Molson Coors Beverage Co.’s stock rallied Tuesday even as the broader market sagged, with the beer maker’s adjusted profit jumping 82.3% and beating Wall Street estimates.
Molson Coors TAP cited a “favorable sales mix” as well as increased pricing for the stronger-than-expected profit performance, which took place during a time when rival Anheuser-Busch InBev BUD, which makes Budweiser, has drawn pushback on social media for its use of transgender influencer Dylan Mulvaney as a Bud Light spokesperson.
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