earnings
confidence high
sentiment positive
materiality 0.75
Molson Coors Q2 net sales up 17.4%; reinstates dividend, reaffirms FY guidance
MOLSON COORS BEVERAGE CO
- Net sales $2,939.4M, +17.4% reported (+13.7% constant currency); above-premium brand volumes at record share.
- GAAP net income $388.6M ($1.79 diluted EPS); non-GAAP diluted EPS $1.58, up 1.9% YoY.
- Underlying EBITDA $697.8M, down 1.3% constant currency but driven by reinvestment spending.
- Europe volumes +17.8%, North America +1.9%; Latin America triple-digit growth vs prior year.
- Company reinstated a dividend and reaffirmed 2021 financial guidance.