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Molson Coors Tops Q2 Results On Strong Beer Demand In Europe And Asia

Molson Coors beat Wall Street expectations for second-quarter sales and profit on Tuesday on strong demand for its beers in Europe and Asia.

Anheuser-Busch InBev (AB InBev) reported forecast-beating core profit for the second quarter on Thursday as cost cuts offset weaker sales.

Hershey cut its annual profit forecast on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending.

Just Eat Takeaway reported a more than 40% jump in first-half core profit on Wednesday, led by its main European markets.

Kraft Heinz slashed its organic sales forecast for 2024 on Wednesday after missing quarterly revenue estimates.

Campari has warned that its ability to grow gross margins this year would likely be impacted by “some temporary headwinds.”

L’Oréal has reported a 5.3% rise in second-quarter sales, below expectations and rattling investors already worried about the Chinese market.

Diageo just missed full-year profit forecasts and warned challenges could persist into next year as sales sank in Latin America.

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