Molson Coors Beverage Company (NYSE:TAP) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Traci Mangini - Vice President, Investor Relations Gavin Hattersley - President and CEO Tracey Joubert - CFO Conference Call Participants Bonnie Herzog - Goldman Sachs Drew Levine - JPMorgan Bill Kirk - ROTH Capital Partners Rob Ottenstein - Evercore Chris Carey - Wells Fargo Victor Ma - TD Cowen Bryan Spillane - Bank of America Michael Lavery - Piper Sandler Lauren Lieberman - Barclays E ...

Molson Coors Beverage Company (TAP) has posted impressive second-quarter 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate and improved year over year. The results have been mainly aided by an improved price and sales mix, offset by adverse currency, and soft financial and brand volumes, led by lower contract brewing volumes. The quarterly results reflect significant progress against the Acceleration Plan. Progress on its premiumization strategy varies across markets. The comp ...

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For the quarter ended June 2024, Molson Coors Brewing (TAP) reported revenue of $3.25 billion, down 0.4% over the same period last year. EPS came in at $1.92, compared to $1.78 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.18 billion, representing a surprise of +2.37%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $1.68. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ . Commission File Number: 1-14829 Molson Coors Beverage Company (Exact name ...

Molson Coors Brewing (TAP) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this beer maker would post earnings of $0.71 per share when it actually produced earnings of $0.95, delivering a surprise of 33.80%. Over the last four quarters, the ...

NEWS RELEASE Molson Coors Beverage Company Reports 2024 Second Quarter Results Net Sales Nearly Flat while Income Before Income Taxes Improves 26.9% or 5.2% on an Underlying Basis in Constant Currency Returns $353 Million to Shareholders Through Dividend and Share Repurchases Reaffirms 2024 Full Year Guidance for Top-Line and Bottom-Line Growth ______________________________________________________________ Golden, Colorado and Montréal, Québec – August 6, 2024 – Molson Coors Beverage Company ("MCBC," "Molso ...

Molson Coors Beverage Company (TAP) is expected to register top and bottom-line declines when it reports second-quarter 2024 earnings on Aug 6, before market open. The Zacks Consensus Estimate for the company's second-quarter revenues is pegged at $3.2 billion, suggesting a 2.7% decline from the prior-year period's reported figure. The consensus mark for earnings has moved down by a penny in the past seven days to $1.68 per share, indicating a decline of 5.6% from the year-ago reported figure. In the last r ...

The earnings report, which is expected to be released on August 6, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $3.18 billion, down 2.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 3.53% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collecti ...

Molson Coors Beverage Today TAP Molson Coors Beverage $49.95 -0.21 (-0.42%) ▼ $70.90 Dividend Yield 3.52% P/E Ratio 9.99 Price Target $65.07 Add to Watchlist Molson Coors Beverage Co. NYSE: TAP stock recently fell to 52-week lows as it struggled to maintain any bounce attempts. The negative trajectory took over its price action ever since releasing its Q1 2024 earnings report. The brewer of popular beers and hard seltzers is not alone when it comes to negative year-to-date (YTD) performance, as many of its ...