Molson Coors Q2 net sales +12%; underlying income +53%; raises FY guidance

MOLSON COORS BEVERAGE CO

Net sales +11.8% (+12.1% constant currency) on positive pricing, mix, higher volumes.
GAAP income before taxes $441.1M versus $54.9M a year ago; diluted EPS $1.57.
Underlying income before taxes $502.2M, +52.6% constant currency; underlying EPS $1.78 (+49.6%).
Raises 2023 full-year guidance; continues reinvesting in the business.
Strategy Day scheduled for October 3, 2023 in New York City.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOLSON COORS BEVERAGE CO reported the fiscal quarter ended June 30, 2023 results: net income $342.4 million, EPS $1.57 per share. Guidance raised.

Period: the fiscal quarter ended June 30, 2023
Net income: $342.4 million
EPS: $1.57 per share
Guidance: raised
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 August 1, 2023, reporting the Company’s financial results for the fiscal quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001157523-23-001200

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