TAP - What's Going On With Beer Maker Molson Coors Stock Today? | Benzinga
Molson Coors Beverage Co (NYSE:TAP) released better-than-expected fourth-quarter 2023 earnings and issued 2024 guidance.
Net sales grew 6.1% Y/Y to $2.79 billion, beating the analyst consensus estimate of $2.77 billion, led by favorable price and sales mix, higher financial volumes, and favorable foreign currency impacts.
Net sales from the Americas segment increased 4.7% Y/Y, led by higher financial volumes and favorable price and sales mix.
Net sales from EMEA & APAC segment rose 12.6% Y/Y, driven by favorable price and sales mix and favorable foreign currency impacts.
The underlying cost of goods sold (COGS) ...