---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000672"
form_type: "8-K"
ticker: "TAP"
cik: "0000024545"
company_name: "MOLSON COORS BEVERAGE CO"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:53:41.632846+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- GAAP income before taxes $101.9M declined 41.3%; underlying income $157.8M up 82.8% constant currency.
- GAAP diluted EPS $0.33; underlying diluted EPS $0.54, increase of 86.2%.
- Net sales grew 5.9% reported (8.2% cc) on positive pricing and mix; financial volume slightly declined.
- Reaffirmed 2023 full-year guidance for continued growth despite global inflationary pressures.

## SEC filing metadata
- accession: 0001157523-23-000672
- form_type: 8-K
- ticker: TAP
- cik: 0000024545
- company_name: MOLSON COORS BEVERAGE CO
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24545/000115752323000672/0001157523-23-000672-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24545/000115752323000672/a53390860.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000672
- JSON: https://secwatch.observer/filing/0001157523-23-000672.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000672.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/24545/000115752323000672/0001157523-23-000672-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.