secwatch.observer — SEC 8-K summary
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Issuer:     MOLSON COORS BEVERAGE CO (TAP)
CIK:        0000024545
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001157523-22-001453
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24545/000115752322001453/0001157523-22-001453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24545/000115752322001453/a52956504.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001453

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