Molson Coors Q4 GAAP loss $564M on $845M goodwill impairment; underlying income up 51%

MOLSON COORS BEVERAGE CO

2024-FY EPS reported -$0.81 revenue$12,807,500,000

Q4 net sales $2,629.5M (+0.4% reported, +3.8% constant currency); financial volumes -6.9%.
Full-year GAAP net loss $175.3M ($0.81 diluted loss) vs prior-year net income $1,005.7M; $845M goodwill impairment.
Underlying (non-GAAP) Q4 income before taxes $328.6M (+51.1% constant currency); full-year underlying EPS $4.10 (-1.2%).
Americas segment Q4 GAAP loss $499.2M due to $845M goodwill impairment; underlying income +29.8% constant currency.
FY2023 guidance: expects continued top-line and bottom-line growth despite global inflationary pressures.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MOLSON COORS BEVERAGE CO reported financial results for the fiscal quarter and fiscal year ended December 31, 2022.

Period: the fiscal quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

Attached as Exhibit 99.1 is a copy of a news release of Molson Coors Beverage Company (the “Company”), dated February 21, 2023, reporting the Company’s financial results for the fiscal quarter and fiscal year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001157523-23-000313

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