secwatch.observer — SEC 8-K summary
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Issuer:     MOLSON COORS BEVERAGE CO (TAP)
CIK:        0000024545
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001157523-24-000225
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24545/000115752324000225/0001157523-24-000225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24545/000115752324000225/a53895363.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000225

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