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 ...

Molson Coors Beverage Company (TAP) is well-placed for long-term growth, backed by its Revitalization plan and the premiumization of the global brand portfolio. The Revitalization plan is focused on achieving sustainable top-line growth by streamlining the organization and reinvesting resources into its brands and capabilities. Molson Coors delivered against its revitalization plan on a global basis by increasing its dollar share in the United States in the second quarter of 2022 for the first time in over ...

TAP has been making efforts to shape up its product portfolio and expand in growth areas. Its U.S. abovepremium portfolio witnessed sales that outpaced its U.S. economy portfolio, driven by the rapid growth of its hard seltzers, and the continued strength in Blue Moon and Peroni's. Additionally, the company is well-placed, driven by the progress of its revitalization plan. The plan is focused on achieving sustainable top-line growth by streamlining the organization and reinvesting resources into its brands ...

Molson Coors Beverage Company (TAP) seems well-poised for growth, thanks to its robust business strategies. The company has been gaining from brand strength as well as strong performances across its portfolio and both geographical segments. Smooth progress on its Acceleration Plan also bodes well. Buoyed by such strengths, shares of this beer and other beverage products' manufacturer have gained 9.7% compared with the industry's 6.3% growth over the past year. To wrap up, Molson Coors seems to be a decent i ...

Molson Coors Beverage Company (NYSE:TAP) Q1 2024 Earnings Conference Call April 30, 2024 11:00 AM ET Company Participants Greg Tierney - VP, FP&A, Commercial Finance and IR Gavin Hattersley - President and CEO Tracey Joubert - CFO Conference Call Participants Bonnie Herzog - Goldman Sachs Andrea Teixeira - JPMorgan Bill Kirk - ROTH MKM Peter Grom - UBS Steve Powers - Deutsche Bank Brian Spillane - Bank of America Chris Carey - Wells Fargo Securities Lauren Lieberman - Barclays Eric Serotta - Morgan Stanley ...