Molson Coors Q1 net sales up 10.7%, underlying EPS $0.95 (+75.9%); reaffirms FY guidance

MOLSON COORS BEVERAGE CO

2025-Q1 EPS reported $0.97 revenue$3,049,300,000

Net sales growth of 10.7% reported, 10.1% constant currency, driven by both business units.
U.S. GAAP income before taxes $265.4M (+160.5%); underlying income before taxes $258.8M (+68.8% constant currency).
Underlying diluted EPS $0.95, up 75.9% YoY, reflecting strong operational leverage.
Double-digit brand volume growth for Coors Light and Coors Banquet; high-single-digit for Miller Lite in U.S.
Company reaffirms 2024 guidance for top- and bottom-line growth but notes cautious industry outlook due to April softness.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MOLSON COORS BEVERAGE CO reported the 2024 first quarter results: revenue Net sales increased 10.7% reported and 10.1% in constant currency, net income U.S. GAAP net income attributable to MCBC of $207.8 million, $0.97 per share on a diluted basis, EPS $0.97 per share on a diluted basis. Guidance reaffirmed.

Period: the 2024 first quarter
Revenue: Net sales increased 10.7% reported and 10.1% in constant currency
Net income: U.S. GAAP net income attributable to MCBC of $207.8 million, $0.97 per share on a diluted basis
EPS: $0.97 per share on a diluted basis
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Molson Coors Beverage Company Reports 2024 First Quarter Results Delivers First Quarter Top-Line Growth of 10.7% with Growth Across Both Business Units First Quarter Income Before Income Taxes Increases 160.5%, while Underlying Income Before Income Taxes Increases 68.8% on a Constant Currency Basis Reaffirms 2024 Full Year Guidance for Top-Line and Bottom-Line Growth

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Source: SEC EDGAR

accession 0000024545-24-000010

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