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Oct. 5, 2021, 7:28 a.m. EDT

Topo Chico Margarita Hard Seltzer coming in 2022

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By Tonya Garcia

Molson Coors Beverage Co. /zigman2/quotes/205165133/composite TAP +0.82% announced Tuesday that Topo Chico Hard Seltzer will extend into a margarita pack in 2022. Sparkling mineral water brand Topo Chico is part of the Coca-Cola Co. /zigman2/quotes/209159848/composite KO +0.89% portfolio. Coca-Cola and Molson Coors have partnered to distribute Topo Chico Hard Seltzer. The Topo Chico Margarita Hard Seltzer Variety Pack will feature flavors like the signature margarita and tropical pineapple, and have 100 calories per 12-ounce can. It will also have 4.5% ABV (alcohol by volume) per serving. This announcement comes just weeks after news that Topo Chico Hard Seltzer will begin distribution in all 50 states starting January 2022. "The Coca-Cola Company has been pleased with its relationship with Molson Coors to bring Topo Chico Hard Seltzer to market and shake up the seltzer aisle," said Dan White, chief of new revenue streams at Coca-Cola, in a statement. Molson Coors shares have gained 5.4% for the year to date. Coca-Cola is down 3.4% for the period. And the benchmark Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.17% has gained 11.1% for 2021 so far.

/zigman2/quotes/205165133/composite
US : U.S.: NYSE
$ 45.75
+0.37 +0.82%
Volume: 1.51M
Dec. 3, 2021 4:02p
P/E Ratio
N/A
Dividend Yield
2.97%
Market Cap
$9.88 billion
Rev. per Employee
$567,882
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/zigman2/quotes/209159848/composite
US : U.S.: NYSE
$ 53.54
+0.47 +0.89%
Volume: 21.06M
Dec. 3, 2021 4:00p
P/E Ratio
26.34
Dividend Yield
3.14%
Market Cap
$229.26 billion
Rev. per Employee
$411,320
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,580.08
-59.71 -0.17%
Volume: 444.85M
Dec. 3, 2021 5:35p
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