On His First Earnings Call, New Molson Coors Chief Talks M&A, Marketing and More

Dear Client:  Rahul Goyal’s first earnings call as Molson Coors CEO went well over an hour, wherein Rahul fielded questions on their impairment charge in the quarter, potential M&A, his mandate from the Board, and more.  Let’s dig in. In the quarter, the company recorded an eye-popping non-cash partial goodwill impairment charge of $3.6 billion, and non-cash intangible asset impairment charges of $274 million. Naturally, callers wanted to know more. BofA Securities’ Peter Galbo asked: What happened? Rahul acknowledged “a