secwatch.observer — SEC 8-K summary
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Issuer:     MOLSON COORS BEVERAGE CO (TAP)
CIK:        0000024545
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001157523-22-000985
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Molson Coors Q2: underlying EPS $1.19, down 24.7%; net sales +2.2% constant currency; reaffirms FY guidance
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- Net sales $2,921.7M, down 0.6% reported, +2.2% constant currency; brand volumes declined 1.8%.
- GAAP net income $47.3M ($0.22 diluted EPS) vs $388.6M ($1.79) in Q2 2021, down 87.8%.
- Underlying diluted EPS $1.19, down from $1.58, a decrease of 24.7% year-over-year.
- Reaffirms 2022 guidance for mid-single digit top-line and high single digit bottom-line growth.
- Montreal brewery labor strike ended mid-June; U.S. dollar share grew for first time in over a decade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24545/000115752322000985/0001157523-22-000985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24545/000115752322000985/a52797782.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000985

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