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THE COCA-COLA COMPANY

(KO)
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Molson Coors and the Coca-Cola Company Expands Offering to Bring Topo Chico Hard Seltzer« to Canada

10/12/2021 | 09:00am EST

Molson Coors Beverage Company has entered an exclusive agreement with The Coca-Cola Company to manufacture, market, and distribute Topo Chico Hard Seltzer® in Canada, taking another significant step in its plan to aggressively grow the company's above premium portfolio and become a leader in the fast-growing hard seltzer segment. The product is scheduled to launch in the summer of 2022 throughout most of the country, with the Canadian debut taking place one year after the wildly successful launch of Topo Chico Hard Seltzer in the United States. Despite being launched in 16 different markets in the United States, Topo Chico Hard Seltzer occupies the No. 3 slot as a new item in the general malt beverages category. The brand also garnered a 2.4% share of the U.S. market according to IRI's multi-outlet and convenience store data. This success has led to the national expansion of the brand across the United States, which will take place in January of 2022. Topo Chico Hard Seltzer blends sparkling water and natural flavours, and is inspired by Topo Chico sparkling mineral water, a 125-year-old brand with a rich heritage that has been popular with consumers across the globe. The hard seltzer will be developed in four flavours including: Tangy Lemon Lime, Exotic Pineapple, Strawberry Guava and Tropical Mango, which will be available in a 12-pack slim can variety pack, as well as single serve cans in select flavours. The agreement is the latest in a series of steps Molson Coors has made to grow the business by maintaining the strength of its iconic core brands, aggressively growing its portfolio of above premium beverages, expanding beyond beer altogether and investing in the company's core capabilities.


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Financials (USD)
Sales 2021 38 079 M - -
Net income 2021 9 377 M - -
Net Debt 2021 31 720 M - -
P/E ratio 2021 25,6x
Yield 2021 3,07%
Capitalization 236 B 236 B -
EV / Sales 2021 7,02x
EV / Sales 2022 6,61x
Nbr of Employees 80 300
Free-Float 61,0%
Chart THE COCA-COLA COMPANY
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The Coca-Cola Company Technical Analysis Chart | KO | US1912161007 | MarketScreener
Technical analysis trends THE COCA-COLA COMPANY
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 54,58 $
Average target price 62,43 $
Spread / Average Target 14,4%
EPS Revisions
Managers and Directors
James Quincey Chairman & Chief Executive Officer
Brian John S. Smith President & Chief Operating Officer
John Murphy Chief Financial Officer & Executive Vice President
Nancy W. Quan Chief Technical & Innovation Officer
Barry Charles Diller Independent Director
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