- Molson Coors press release ( NYSE: TAP ): Q2 Non-GAAP EPS of $1.19 in-line.
- Revenue of $2.92B (-0.7% Y/Y) misses by $20M .
- Shares -1.3% PM.
- CFO comment: “We delivered another quarter of top-line growth on a constant currency basis and achieved income before income tax at the favorable end of our anticipated range, all while continuing to invest in our business, reduce net debt and return cash to shareholders. We also did this while navigating global inflationary pressures, a strike at our Montreal/Longueuil, Québec brewery and distribution centers and the cycling of a strong shipment quarter in the prior year period. Our performance and agility demonstrate our successes against our Revitalization Plan and provide us the confidence to reaffirm our guidance for mid-single digit top-line and high single digit bottom-line growth for the year.”
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Molson Coors Non-GAAP EPS of $1.19 in-line, revenue of $2.92B misses by $20M