Molson Coors stands alongside the “periodic” position on the decline of the American beer

The CEO of Molson Coors insisted, after the CEO of Molson Coors insisted after the company suffered sales in the second quarter.

The silent demand in the United States – expected by Molson Coors to see the improvement in the second quarter – was a factor in the company’s changes in expectations.

In the three months until the end of June, Molson Coors sizes decreased by 6.6 % amid low brand sizes in the United States and the end of the contract to ferment the contract.

The decrease was better than Wall Street, but, spoke to analysts after the results were published, the CEO of Molson Coors Gavin Hattersley – who said in May he expected to capture the American beer industry – has not improved.

“The industry did not improve as we expected it,” he said. “We expected to return to the place it had in the past few years of about 3 % and did not do so.

“Certainly, consumer confidence and the overall environment, while we still think strongly that it is periodic, we do not see any signs of this change in the balance of the year, and certainly it was not in the second quarter.”

“The previous expectations of Presson Corses that the American beer industry will return to the last 3 % operating rate,” said Barne Lieberman’s analyst, in a note of customers, that the American industry will return to the last 3 % operating rate of 3 %, “which faced great doubts in the last quarter-for a good reason.”

She added: “The updated Outlook from Molson Coors draws us from our root now in a more logical point of view on the path of beer in the nearby United States,” she added.

Hatirersley told the analysts about the post -accuracy yesterday that “the current decline in the industry is a league,” adding, “Consumer confidence will turn I do not know when but it will turn.”

However, the CEO of Molson Coors has been pushed whether pressure on the American beer industry was periodic due to soft sizes in the sector over the past few years.

Hatrsali said: “We still believe that over time, it will change (consumer confidence). I mean, it may be sooner and not later, or it may be in the same time period in the next year.

The elements that affected the total alcohol category – I often heard the GLP -1 I talked about – we do not have much data that indicates that this has any meaningful effect on the alcohol or our category at this stage.

“The other element that is talked about is the D9 (DELTA 9). The effect of D9 varies according to the market. In some markets, it is not sold. In other places, it carries strong restrictions.

This is definitely a field we continue to monitor the impact of this. I think consumer confidence has an unpaid effect, as I said, some consumers are differently for others. And again, we believe this is my role. “