TAP - Molson Coors Beverage Shares Take A Hit Despite Q1 Beat - What's Going On? | Benzinga
Molson Coors Beverage Company (NYSE:TAP) reported first-quarter FY24 sales growth of 10.7% year-on-year to $2.60 billion, beating the analyst consensus estimate of $2.50 billion.
The revenue increase was driven by higher financial volumes, favorable price and sales mix and favorable foreign currency impacts.
Net sales from the Americas segment increased 10.6% on a reported and constant currency basis.
Net sales from EMEA & APAC segment jumped 10.9%, driven by favorable price and sales mix as well as favorable foreign currency impacts, partially offset ...