secwatch.observer — SEC 8-K summary
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Issuer:     MOLSON COORS BEVERAGE CO (TAP)
CIK:        0000024545
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001157523-21-001270
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Molson Coors Q3 net sales up 2.5%; GAAP EPS $2.08; reaffirms 2021 guidance
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- Net sales $2.82B, up 2.5%; Underlying EBITDA $642.6M down 10.9% constant currency on higher COGS and marketing spend.
- GAAP net income $453M ($2.08 diluted EPS) up 32.1%; Non-GAAP diluted EPS $1.75 up 8.0%.
- Coors Light grew total US beer share; Above Premium portfolio net sales revenue exceeded 25% of brand volume net sales revenue TTM.
- Reaffirmed full-year 2021 key financial guidance; reinstated dividend and continued deleveraging.
- Nearly 2 million cases of non-alcohol products sold year-to-date, a company first.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24545/000115752321001270/0001157523-21-001270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24545/000115752321001270/a52516809.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001270

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