Molson Coors sees FY24 EPS mid single-digit increase compared to 2023

Underlying diluted earnings per share: mid single-digit increase compared to 2023 but narrowing to the high end of the range. FY24 consensus $5.70. Sees FY24: Net Sales: Approximate 1% decline versus 2023 on a constant currency basis from our previous guidance of low single-digit increase versus 2023 on a constant currency basis. The adjustment is due to the softness in the U.S. beer industry over the peak selling season. FY24 consensus $11.73B.