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 ...

Unionized Fort Worth Molson Coors brewery workers authorized a strike on Sunday, according to a local report.  If approved by Teamsters Local 997 national leaders, 420 workers will walk off the job, WFAA reported."We're working to get back some respect in the workplace," chapter treasurer Rick Miedema told the TV station Sunday. "The company has made record profits over the last several years, and it's time to give back the dignity and respect to the workers."  The union is seeking pay raises, improved heal ...

In its upcoming report, Molson Coors Brewing (TAP) is predicted by Wall Street analysts to post quarterly earnings of $1.12 per share, reflecting a decline of 13.9% compared to the same period last year. Revenues are forecasted to be $2.77 billion, representing a year-over-year increase of 5.4%.Over the last 30 days, there has been an upward revision of 4.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...

Molson Coors Beverage Company (TAP) is expected to register top-line growth when it reports fourth-quarter 2023 earnings on Feb 13. The Zacks Consensus Estimate for the company’s fourth-quarter revenues is pegged at $2.8 billion, suggesting 5.4% growth from the prior-year period’s reported figure.The consensus mark for earnings has moved down by a penny in the past 30 days to $1.12 per share. It suggests a decline of 13.9% from the year-ago reported figure.In the last reported quarter, this leading alcohol ...

Molson Coors Brewing (TAP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on F ...