TAP - Healthier US Beer Category & Favorable Pricing Help Molson Coors Beverage: Read How | Benzinga
Molson Coors Beverage Company (NYSE: TAP) reported third-quarter FY23 sales growth of 12.4% year-on-year to $3.30 billion, beating the analyst consensus estimate of $3.24 billion.
The revenue increase was driven by favorable price and sales mix, higher financial volumes, and favorable foreign currency impacts.
Net sales from the Americas segment increased 10.8% reported, and 11.2% in constant currency.
Net sales from EMEA & APAC segment jumped 19.2%, driven by favorable price and sales mix and favorable foreign currency impacts, partially offset by a decline in financial volumes.
Underlying cost of goods sold (COGS) per hectoliter increased 2.6% in constant ...