2023-08-01 07:08:09 ET
- Molson Coors press release ( NYSE: TAP ): Q2 Non-GAAP EPS of $1.78 beats by $0.13 .
- Revenue of $3.27B (+12.0% Y/Y) misses by $20M .
- FY2023 Outlook : Net sales: high single-digit increase versus 2022 on a constant currency basis from our previous guidance of a low single-digit increase; Underlying income (loss) before income taxes: 23%-26% increase compared to 2022 on a constant currency basis from our previous guidance of a low single-digit increase; Underlying free cash flow: $1.2 billion, plus or minus 10% from our previous guidance of $1.0 billion, plus or minus 10%; Consolidated net interest expense: $225 million, plus or minus 5% from our previous guidance of $240 million, plus or minus 5%.
For further details see:
Molson Coors Non-GAAP EPS of $1.78 beats by $0.13, revenue of $3.27B misses by $20M