secwatch / observer
8-K filed May 2, 2023, 7:59 PM ET ticker TAP CIK 0000024545
earnings confidence high sentiment positive materiality 0.75

Molson Coors Q1 net sales up 5.9%; underlying income before tax up 82.8% cc

MOLSON COORS BEVERAGE CO

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 the fiscal quarter ended March 31, 2023 results: net income $72.5 million, EPS $0.33 per diluted share. Guidance reaffirmed.

Period
the fiscal quarter ended March 31, 2023
Net income
$72.5 million
EPS
$0.33 per diluted share
Guidance
reaffirmed
Result
reported results
Exact text from the filing
Molson Coors Beverage Company Reports 2023 First Quarter Results Molson Coors Delivers First Quarter Top-Line Growth Across All Business Units First Quarter Income Before Income Taxes Decreased 41%, First Quarter Underlying Income Before Income Taxes Increased 83% on a Constant Currency Basis Reaffirms 2023 Full Year Guidance for Continued Growth While Navigating Global Inflationary Pressures GOLDEN, Colo. & MONTRÉAL--(BUSINESS WIRE)--May 2, 2023--Molson Coors Beverage Company ("MCBC" or "Molson Coors") (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) today reported results for the 2023 first quarter. 2023 FIRST QUARTER FINANCIAL HIGHLIGHTS 1 Net sales increased 5.9% reported and 8.2% in constant currency, primarily due to positive net pricing and favorable sales mix, partially offset by a slight decline in financial volume. Net sales per hectoliter increased 6.1% reported and 8.4% in constant currency, primarily due to positive net pricing and favorable sales mix driven by premiumization. U.S. G
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MOLSON COORS BEVERAGE CO filing history →

Source: SEC EDGAR
accession 0001157523-23-000672
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