While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a v ...

Molson Coors (TAP) is a Zacks Rank #1 (Strong Buy) that has a B for Value and C for Growth.  This brewer has seena  dramatic lift in price and market share following a marketing disaster at Budweiser.  The news of late is that TAP is looking to spend more on marketing in an effort to keep and grow its customer base.  Let’s explore more about this company in this Bull of The Day article.DescriptionMolson Coors Beverage Co. is a holding company, which engages in the production and sale of beer. It operates th ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) P.O. Box 4030, BC555, Golden, Colorado, USA 111 Boulevard Robert-Bourassa, 9th Floor, Montréal, Québec, Canada (Address of principal executive offices) 84-0178360 (I.R.S. Employer Identifica ...

Financial Data and Key Metrics Changes - In 2023, the company's global net revenue grew more than 9%, with underlying pre-tax income increasing by 36.9% and underlying free cash flow climbing to $1.4 billion, exceeding expectations [21][59][76] - The company ended the year with net debt of $5.4 billion, down over $600 million, achieving a net debt to underlying EBITDA ratio of 2.2x, aligned with long-term goals [23][90] - Gross profit is expected to increase driven by mix and cost savings, although underlying cost of goods sold per hectoliter is anticipated to rise due to inflation and premiumization [24][90] Business Line Data and Key Metrics Changes - Coors Light and Miller Lite each grew more in dollars in the on-premise than any other beer brand, contributing to an incremental $1 billion in distributor revenue [2][68] - Coors Banquet brand volume grew by nearly 20% for the full year, gaining industry share for 11 consecutive quarters [3] - Simply Spiked more than doubled its volume in the U.S. in 2023, with Simply Spiked Peach being the top innovation by volume and dollar sales in the grocery channel [6] Market Data and Key Metrics Changes - In the U.K., Madri Excepcional was the fastest growing major beer brand, with volumes growing by 80% for the full year [5] - In Canada, brand volume increased by 0.7%, with the company gaining nearly 2 share points, marking the strongest growth of any major brewer in the country [11] - In Latin America, brand volume was down 5% due to challenging economic conditions, while EMEA and APAC saw a decline of 2.2% [11] Company Strategy and Development Direction - The company plans to focus on core brands like Coors Light, Miller Lite, and Coors Banquet, with significant marketing campaigns to support growth [68][81] - The company is committed to premiumization, aiming for one-third of total global net brand revenue to come from above premium products [77] - The company continues to invest in capital projects, with approximately $690 million allocated for modernization and efficiency improvements [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the momentum of brands and plans for 2024, citing strong results in 2023 despite industry challenges [7][85] - The company anticipates low single-digit net sales revenue growth and mid-single-digit underlying pre-tax income growth for 2024 [90] - Management noted that the changes in the U.S. beer industry are permanent, with expectations to gain market share moving forward [25][130] Other Important Information - The company raised its dividend by 8% and repurchased approximately 150 million shares under a new share repurchase program [21][41] - The company is launching new products like Simply Spiked Lemonade and has plans for further expansion of the Madri brand [84][112] Q&A Session All Questions and Answers Question: What are the expectations for market share and volume performance in 2024? - Management expects to continue building market share from Q4 into 2024, with strong volume performance anticipated in the first quarter [93][126] Question: What factors contributed to the upside surprise in Q4? - The industry performed better than expected in the U.S. market, contributing to a slight exceedance of underlying profit guidance [129] Question: How does the company view the impact of cannabis on beer consumption? - Management stated that cannabis beverages have not significantly impacted alcohol beverage consumption, particularly in developed markets like Canada [48]

Brewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead.The company, which makes Coors Light and Miller Lite, reported strong fourth-quarter earnings on Tuesday as net sales for 2023 grew 9.3%. Those revenue gains were in large part tied to consumers migrating away from AB-InBev's Bud Light products after boycotts began last April."Molson Coors was well positioned to benefit from the significant shifts in consumer purchasing habits," the company said in its e ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

O MOLSON UNITED STATES HAPPY THURSDAY FORWARD LOOKING STATEMENTS 5 SIMPLY SPIKED more than doubled its U.S. volume in 2023 and quickly grew segment share in Canada New innovation in flavor is coming NET SALES REVENUE (CONSTANT CURRENCY) Mix Price Volume +5.0% Americas was down 0.7% as lower logistics costs, cost savings, and volume leverage more than offset the impacts of direct materials inflation and unfavorable mix. EMEA & APAC was up 8.8%. While inflationary pressure lessened as compared to prior quarte ...

Molson Coors Beverage Company (TAP) has posted fourth-quarter 2023 results, wherein the bottom and top lines surpassed their respective Zacks Consensus Estimate. The top line also improved year over year. The quarterly results have gained from brand strength and strong performances across the company's portfolio and both business units. However, the ongoing macroeconomic environment acted as a deterrent.This currently Zacks Rank #3 (Hold) company has gained 4% in the past three months against the industry’s ...

Molson Coors Brewing (TAP) reported $2.79 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.1%. EPS of $1.19 for the same period compares to $1.30 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.77 billion, representing a surprise of +0.58%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $1.12.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Molson Coors Beverage Co. ‘s stock TAP, +3.12% rose 2.9% premarket after the company posted stronger-than-expected earnings for the fourth quarter. The company had net income of $103.3 million, or 48 cents a share, for the quarter, after a loss of $590.5 million, or $2.73 a share, in the year-earlier period. The year-earlier number included noncash impairment charges. Adjusted per-share earnings came to $1.19, ahead of the $1.12 FactSet consensus. Sales rose to $2.791 billion from $2.629 billion a year ago ...