earnings
confidence high
sentiment positive
materiality 0.70
Molson Coors Q1 net sales +16.7% to $2.21B; non-GAAP EPS $0.29 vs $0.01 YoY
MOLSON COORS BEVERAGE CO
- Net sales $2,214.6M +16.7%; GAAP net income $151.5M ($0.70 diluted EPS) vs $84.1M.
- Underlying income before taxes $83.5M vs $17.2M; non-GAAP EPS $0.29 vs $0.01.
- Americas brand volumes -3.1% (U.S. -4.3%); EMEA&APAC brand volumes +19.8%.
- Recorded $56M accrued liability for Keystone litigation; MG&A +24.5%.
- Reaffirmed 2022 top and bottom-line growth guidance; net debt/EBITDA 3.28x.