Another Price Hike Coming Down the Pike from Molson Coors

Dear Client: What had been assumed was confirmed on Molson Coors earnings call yesterday. The #2 U.S. beer supplier will join the top brewer in taking a second price increase this year. Recall Anheuser-Busch laid out plans to do so back in May, forecasting upward of a 5% hike in late October.  And Molson Coors revealed on its earnings call yesterday that come the fourth quarter of this year, it plans that additional pricing “in the 3% to 5% range”