Molson Coors FY23 net sales +9.4%, underlying income before taxes +36.9%; guides FY24 growth

MOLSON COORS BEVERAGE CO

2024-FY EPS reported $4.37 revenue$13,884,600,000

Q4 net sales +6.1% reported (+5.0% constant currency); GAAP income before taxes $165.5M, improved $729.6M.
Full-year net sales +9.4% reported (+9.3% constant currency); GAAP income before taxes $1,252.5M, improved $1,315.0M.
Full-year GAAP diluted EPS $4.37; Underlying diluted EPS $5.43, +32.4%; Underlying income before taxes $1,531.2M, +36.9%.
Free cash flow $1,420.0M; net debt reduced $607.3M; share repurchases $205.8M (vs $51.5M prior year).
FY2024 guidance expects continued net sales and underlying income before taxes growth in line with long-term growth algorithm.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOLSON COORS BEVERAGE CO reported financial results for fiscal quarter and fiscal year ended December 31, 2023.

Period: fiscal quarter and fiscal year ended December 31, 2023
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 13, 2024, reporting the Company’s financial results for the fiscal quarter and fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001157523-24-000225

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