---
schema_version: "secwatch.filing_event.v1"
accession: "0000024545-24-000010"
form_type: "8-K"
ticker: "TAP"
cik: "0000024545"
company_name: "MOLSON COORS BEVERAGE CO"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:53:11.567955+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000024545-24-000010
- form_type: 8-K
- ticker: TAP
- cik: 0000024545
- company_name: MOLSON COORS BEVERAGE CO
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24545/000002454524000010/0000024545-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24545/000002454524000010/tap-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024545-24-000010
- JSON: https://secwatch.observer/filing/0000024545-24-000010.json
- Plain text: https://secwatch.observer/filing/0000024545-24-000010.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/24545/000002454524000010/0000024545-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.