secwatch.observer — SEC 8-K summary
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Issuer:     MOLSON COORS BEVERAGE CO (TAP)
CIK:        0000024545
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001157523-23-000313
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24545/000115752323000313/0001157523-23-000313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24545/000115752323000313/a53333949.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000313

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