Molson Coors Retooling, Recalculating

Dear Client: There wasn't much "new" news on yesterday's Molson Coors earnings calls that hadn't been covered in the release (although chief Gavin Hattersley admitted that some cans/large packs could be capacity constrained, so watch out for that).  To summarize Q1: It wasn't a bad quarter; U.S. depletions were even slightly up. But the company shared that U.S. STRs were down 14% in April, and that COVID-type headwinds would be concentrated in Q2. So the company is digging in, retooling