Molson (TPX.B) and QSR: 2 TSX consumer stocks for St Patrick's Day

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Molson (TPX.B) and QSR: 2 TSX consumer stocks for St Patrick's Day

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Molson (TPX.B) and QSR: 2 TSX consumer stocks for St Patrick's Day
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Highlights
  • St Patrick's Day, though an occasion that has its roots in Irish culture, is celebrated by many across the world on March 17.  
  • St Patrick's Day festivities are set to return this year with more vibrance after two years of stricter COVID protocols..
  • Some investors seem to be showing interest in TSX consumer stocks that can be impacted by this Irish holiday, such as Molson Coors (TSX: TPX.B) and Restaurant Brands (TSX: QSR).  

 

St Patrick's Day, though an occasion that has its roots in Irish culture, is celebrated by many across the world on March 17.

St Patrick's Day festivities are set to return this year with more vibrance after two years of stricter COVID protocols.

Hence, some investors seem to be showing interest in TSX consumer stocks that can be impacted by this Irish holiday, such as Molson Coors (TSX: TPX.B) and Restaurant Brands (TSX: QSR).  

So, let us explore these two TSX stocks on St Patrick's Day.

 

Molson Coors Canada Inc (TSX: TPX.B)

Molson Coors increased its net sales to US$ 2.61 billion in Q4 FY2021, representing a year-over-year (YoY) rise of 14.2 per cent. 

Also read: Ag Growth (AFN) and Ceres (CRP): 2 TSX agricultural stocks to see

The Canadian brewer and distributor of beer and malted drinks saw its net profit surge to US$ 80 million in the latest quarter compared to a loss of US$ 1.36 billion, as per the US Generally Accepted Accounting Principles (GAAP).

Stocks of Molson Coors climbed by about 13 per cent year-to-date (YTD) and stock closed at C$ 66.50 apiece on Monday, up by roughly two per cent.

 

 

Restaurant Brands International Inc (TSX: QSR)

The Toronto-based owner of quick-service restaurants earned US$ 1.54 billion in total revenues in Q4 FY2021 compared to US$ 1.35 billion in 2020. 

Restaurant Brands' fourth-quarter diluted earnings per share (EPS) increased to US$ 0.57 in the latest quarter, up from US$ 0.30 in 2020.

QSR stock closed at C$ 72.03 apiece on Monday, March 14, up by roughly two per cent month-to-date.

Restaurant Brands Inc Q4 FY2021 results

 

Bottomline

With COVID-related measures slowly relaxing, concerned officials have urged people to celebrate St Patrick's Day cautiously as new COVID variants continue to emerge. 

Interested investors, on the other hand, should also cautiously measure a company's financials and prospects before deciding on any investment decisions.

Also read: Why is Turquoise Hill (TSX: TRQ) stock surging?

 

Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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