Lapping Tough Comps, Molson Coors U.S. Depletions Down Almost 8%

Dear Client:  Molson Coors Q2 2024 earnings fared how you might expect in the face of historically tough comps. Recall, Q2 '23 saw some of their best trends since Molson and Coors merged in 2005, or the JV in 2008, with U.S. depletion trends up almost 9% and Americas net sales up almost double digits.  And now?  NET SALES DOWN 1.7% IN AMERICAS FOR QUARTER; U.S. DEPLETIONS DOWN 7.8%. In Q2 '24, the three months ended June 30, net sales