Compared to Estimates, Molson Coors (TAP) Q3 Earnings: A Look at Key Metrics

Core Insights - Molson Coors Brewing reported a revenue of $3.04 billion for the quarter ended September 2024, reflecting a year-over-year decline of 7.8$1.80, down from $1.92 a year ago, with an EPS surprise of +9.09$1.65 [1] Revenue and Earnings Performance - The reported revenue of $3.04 billion was below the Zacks Consensus Estimate of$3.14 billion, resulting in a surprise of -2.98% [1] - The year-over-year decline in revenue indicates challenges in maintaining sales levels compared to the previous year [1] Key Metrics Analysis - Consolidated Brand Volume was 21.33 million, below the three-analyst average estimate of 21.93 million [3] - Brand Volumes in the Americas reached 15.37 million, slightly above the average estimate of 15.34 million [3] - Brand Volumes for EMEA & APAC were 5.97 million, below the average estimate of 6.31 million [3] - Net Sales for EMEA & APAC were reported at $704.40 million, compared to the average estimate of$716.25 million, representing a year-over-year change of +5.1% [3] - Net Sales in the Americas were $2.35 billion, below the average estimate of$2.40 billion, reflecting a year-over-year decline of 11% [3] - Unallocated & Eliminations reported -$6.70 million, worse than the average estimate of -$4.93 million, with a year-over-year change of +24.1% [3] Stock Performance - Molson Coors shares have returned +4.1% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]