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Sept. 8, 2021, 2:02 p.m. EDT

Molson Coors takes its partnership with La Colombe coffee national

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By Tonya Garcia

Molson Coors Beverage Co. /zigman2/quotes/205165133/composite TAP +1.14% said Wednesday that it has expanded its partnership with La Colombe ready-to-drink coffee to the national level. Starting this year, Molson Coors will distribute La Colombe at chains including Walmart Inc. /zigman2/quotes/207374728/composite WMT +1.97% , Kroger Co. /zigman2/quotes/206215053/composite KR +1.57% and Target Corp. /zigman2/quotes/207799045/composite TGT +2.41% . Additional large customers will be added in 2022. The distribution relationship between Molson Coors and La Colombe began in January 2021. In the announcement, Molson Coors talks about the premium nature of La Colombe coffee. Last month, Molson Coors, which is best known for beer, said it was eliminating 11 "economy" brands, including Keystone Ice and Olde English HG 8000. Molson Coors also has a distribution partnership with Coca-Cola Co. /zigman2/quotes/209159848/composite KO +0.59% to distribute Topo Chico Hard Seltzer. Molson Coors stock is up 2% for 2021 while the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +2.47% has run up 20% for the period.

/zigman2/quotes/205165133/composite
US : U.S.: NYSE
$ 55.15
+0.62 +1.14%
Volume: 1.66M
May 27, 2022 4:04p
P/E Ratio
11.18
Dividend Yield
2.76%
Market Cap
$11.97 billion
Rev. per Employee
$650,055
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/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 128.48
+2.48 +1.97%
Volume: 8.43M
May 27, 2022 4:00p
P/E Ratio
27.62
Dividend Yield
1.74%
Market Cap
$353.68 billion
Rev. per Employee
$250,440
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/zigman2/quotes/206215053/composite
US : U.S.: NYSE
$ 52.96
+0.82 +1.57%
Volume: 6.22M
May 27, 2022 4:00p
P/E Ratio
24.25
Dividend Yield
1.59%
Market Cap
$38.26 billion
Rev. per Employee
$328,305
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/zigman2/quotes/207799045/composite
US : U.S.: NYSE
$ 167.14
+3.94 +2.41%
Volume: 6.32M
May 27, 2022 4:03p
P/E Ratio
13.86
Dividend Yield
2.15%
Market Cap
$77.50 billion
Rev. per Employee
$237,729
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/zigman2/quotes/209159848/composite
US : U.S.: NYSE
$ 64.68
+0.38 +0.59%
Volume: 17.71M
May 27, 2022 4:00p
P/E Ratio
27.28
Dividend Yield
2.72%
Market Cap
$280.39 billion
Rev. per Employee
$508,608
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/zigman2/quotes/210599714/realtime
US : S&P US
4,158.24
+100.40 +2.47%
Volume: 2.17B
May 27, 2022 5:49p
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