Jack Andersen/DigitalVision via Getty Images Molson Coors Beverage Company (NYSE:TAP) continues to report beneficial quarterly figures from its ongoing strategy of premiumization of the portfolio, mainly in the EMEA and APAC regions. Even if the volume declines, in my view, TAP could deliver net sales growth driven by successful favorable price and sales mix. I also expect that inorganic growth could bring additional net income growth. In my view, the company's net debt/EBITDA and expertise in acquiring tar ...

Molson Coors Beverage Company (TAP) seems well-poised for growth, thanks to its sturdy business strategies. The company has been gaining from brand strength and robust performances across its portfolio and geographical segments. Smooth progress on its Acceleration Plan also bodes well. The company is on track with its revitalization plan, which focuses on achieving sustainable top-line growth by streamlining the organization and reinvesting resources into its brands and capabilities. It intends to invest in ...

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Key Takeaways Brewing giant Molson Coors topped quarterly revenue and earnings expectations, boosted by an increase in net pricing and favorable sales mix. The company said the results demonstrated progress on its strategic initiatives, including its "Acceleration Plan." Molson Coors shares added more than 5% Tuesday following the earnings release, though they remained in negative territory for 2024. Shares of Molson Coors Beverage Company (TAP) jumped over 5% Tuesday after the brewing giant reported better ...

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 ...

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 ...

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 ...