Molson Coors Says Macro Pressures “Will End,” They Just Don’t Know When

Dear Client: Clocking in with a runtime of just under an hour and a half, Molson Coors’ first quarter earnings presentation was a macro call that by and large focused on the macro environment. "MUCH GREATER" MACRO IMPACT THAN ANTICIPATED. Off the bat in his prepared remarks, chief Gavin Hattersley addressed the “challenging first quarter,” not only for Molson Coors, but for “so many of our peers in staples” too, attributing the depressed quarter to a “volatile” global macroeconomic environment.