The earnings call presented a mixed outlook. While there were strong performances in international markets and successful premiumization strategies driving revenue growth, the U.S. market faced significant challenges, leading to a downward adjustment in sales revenue guidance. Despite these setbacks, the company maintained financial flexibility and continued to invest in its brands.

Company Guidance

During the Molson Coors Beverage Company's Q3 2024 earnings call, the company provided detailed guidance metrics amidst macroeconomic challenges. Their consolidated net sales revenue decreased by 7.8%, and underlying pretax income and earnings per share dropped by 8.7% and 6.2%, respectively. The U.S. market faced significant challenges, with financial volume down 17.9% and brand volume down 6.2%, largely due to the exit of the Pabst contract brewing volume, which negatively impacted the Americas financial volume by 2.6 percentage points in Q3. Despite this, the company reaffirmed its guidance for mid-single-digit growth in underlying pretax income and earnings per share for the year, supported by a more favorable cost outlook. They also adjusted their 2024 net sales revenue guidance to approximately a 1% decline from a previous expectation of low single-digit growth, yet excluding Pabst's impact, annual top-line growth was expected to be positive. The company generated $856 million in underlying free cash flow and returned $717 million to shareholders in the first nine months.

Strong Performance in EMEA, APAC, and Canada

EMEA and APAC as well as Canada showed strong performance. EMEA and APAC top line grew 5.7% for the first 9 months, driven by premiumization efforts and successful brand launches like Madri and Caraiman.

Successful Premiumization Strategies

EMEA and APAC above premium net sales revenue grew over 15%. Madri became the #2 lager in the UK on-premise in terms of value. Canada’s above premium net brand revenue rose by nearly 15%.

Coors Banquet Growth

Coors Banquet brand volume increased by 8%, marking the 13th consecutive quarter of industry share growth. It is the fastest-growing top 15 beer brand in the U.S. in terms of volume percentage growth.

Strong Financial Flexibility and Cash Generation

The company generated $856 million in underlying free cash flow for the first 9 months of the year and repurchased $438 million in shares, demonstrating strong cash generation and financial flexibility.

Positive Share Retention

The core power brands retained substantial share gains, with Coors Light, Miller Lite, and Coors Banquet combined share down only 0.5 points from a year ago but up 1.9 points compared to 2022.

---

Molson Coors (DE:NY7) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:NY7 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 01, 2018	2018 (Q2)	- / 1.82	1.609	13.25% (+0.21)	―	―
Oct 31, 2018	2018 (Q3)	- / 1.78	1.299	37.31% (+0.48)	―	―
Feb 12, 2019	2018 (Q4)	- / 0.81	0.601	35.48% (+0.21)	―	―
May 01, 2019	2019 (Q1)	- / 0.50	0.465	8.33% (+0.04)	―	―
Jul 31, 2019	2019 (Q2)	- / 1.47	1.823	-19.15% (-0.35)	―	―
Oct 30, 2019	2019 (Q3)	- / 1.43	1.784	-19.57% (-0.35)	―	―
Feb 12, 2020	2019 (Q4)	- / 0.99	0.814	21.43% (+0.17)	―	―
Apr 30, 2020	2020 (Q1)	- / 0.34	0.504	-32.69% (-0.16)	―	―
Jul 30, 2020	2020 (Q2)	- / 1.50	1.474	1.97% (+0.03)	―	―
Oct 29, 2020	2020 (Q3)	- / 1.57	1.435	9.46% (+0.14)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

DE:NY7 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	€51.19	€51.95	+1.47%
Aug 06, 2024	€47.54	€46.03	-3.17%
Apr 30, 2024	€56.72	€57.62	+1.58%
Feb 13, 2024	€53.74	€55.50	+3.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---