Breadcrumbs From Rahul and Tracey at UBS: M&A, Value, Optimism

Dear Client: One month after earnings, Molson Coors CEO Rahul Goyal and CFO Tracey Joubert sat down with UBS analyst Peter Grom in New York this week for a wide-ranging conversation covering portfolio strategy, the aluminum headache, and M&A ambitions. The biggest backdrop was a new leader staring down what the industry hopes is a meaningfully better year for bev-alc than the historically rough 2025.  Rahul and Tracey repeated some of their recent greatest hits. But if you listened really