Molson Coors Beverage Company TAP

Molson Coors Beverage Company has reported a significant decline in financial performance for the quarter ending June 30, 2022, with an 18.7% drop in operating income and a notable cash flow decrease. The company continues to grapple with challenges stemming from the COVID-19 pandemic, labor strikes in Canada, and the economic effects of the Russia-Ukraine conflict. Additionally, rising inflation and persistent supply chain issues have compounded its profitability struggles, despite maintaining shareholder dividends.