Molson Coors Q3 net sales up 4% to $2.94B; GAAP EPS $0.99, underlying EPS $1.32

MOLSON COORS BEVERAGE CO

Net sales $2,935M (+4.0% reported, +7.9% constant currency); brand volumes down 2.0%.
GAAP pretax income $273M (-43.2%); underlying pretax income $364.6M (-5.0%, +0.5% constant currency).
Underlying diluted EPS $1.32 vs $1.75 prior year; COGS per hectoliter up 20% reported.
Reaffirms 2022 guidance; expects underlying constant currency pretax growth at low end of high-single-digit range.
Net debt $6,062.5M; net debt to underlying EBITDA 3.13x; dividend $0.38/share paid Sept 15.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MOLSON COORS BEVERAGE CO reported the fiscal quarter ended September 30, 2022 results: revenue $ 2,935.2, net income $216.4 million, EPS $0.99 per share on a diluted basis. Guidance reaffirmed.

Period: the fiscal quarter ended September 30, 2022
Revenue: $ 2,935.2
Net income: $216.4 million
EPS: $0.99 per share on a diluted basis
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net sales $ 2,935.2 $ 2,822.7 4.0 % $ (109.2 ) 7.9 % U.S. GAAP income (loss) before income taxes $ 273.0 $ 480.6 (43.2 )% $ (21.0 ) (38.8 )% Underlying income (loss) before income taxes (1) $ 364.6 $ 383.6 (5.0 )% $ (20.8 ) 0.5 % U.S. GAAP net income (loss) (2) $ 216.4 $ 453.0 (52.2 )% Per diluted share $ 0.99 $ 2.08 (52.4 )%

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

MOLSON COORS BEVERAGE CO filing history →

Source: SEC EDGAR

accession 0001157523-22-001453

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