- Molson Coors 2Q Underlying EPS: $1.92, beating estimates of $1.68 and last year’s $1.78.
- Net sales reached $3.25 billion, slightly down by 0.4% y/y but higher than the estimated $3.18 billion.
- Americas net sales: $2.58 billion, a decrease of 1.7% y/y, surpassing the $2.48 billion estimate.
- EMEA & APAC net sales climbed to $683.3 million, a 5.3% increase y/y, close to the $683.9 million estimate.
- Brand volume growth: 4.9%, exceeding the 3.43% estimate (based on two estimates).
- Financial volume growth: 4.1%.
- Total financial volume was 22.43 million hectoliters, down 4.1% y/y but above the 22.15 million hectoliters estimate.
- Americas volume: 16.40 million hectoliters, down 5.6% y/y, yet above the 16.02 million hectoliters estimate.
- EMEA & APAC volume: 6.04 million hectoliters, a slight increase of 0.3% y/y, near the 6.07 million hectoliters estimate.
- Worldwide brand volume: 21.72 million hectoliters, a 7.1% decrease y/y, compared to the 21.94 million hectoliters estimate.
- Company reaffirmed its full-year 2024 guidance, aiming for top and bottom-line growth for the third consecutive year.
- Stock recommendations: 6 buys, 13 holds, 3 sells.
Molson Coors Brewing Co B on Smartkarma
Independent analysts on Smartkarma, including Baptista Research, have provided bullish coverage on Molson Coors Brewing Co B. Baptista Research published research reports highlighting the company’s recent strong performance. In the first quarter, Molson Coors saw substantial growth in net sales revenue, underlying pretax income, and margin improvement. The company reaffirmed its guidance for the full year, indicating confidence in its continued success.
In another report by Baptista Research, Molson Coors’ market share growth in the U.S. industry was identified as a positive sign. Despite global challenges, the company reported impressive results in its Fourth Quarter and Fiscal Year 2023. Global net revenue and bottom line saw significant increases, marking the highest dollar results on record for Molson Coors. These reports suggest optimism among analysts regarding Molson Coors Brewing Co B‘s performance and growth potential.
A look at Molson Coors Brewing Co B Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts believe that Molson Coors Brewing Co B is poised for a strong long-term performance based on Smartkarma Smart Scores. The company has garnered impressive scores across various criteria, with top ratings for Value, Growth, and Dividend. This signifies that Molson Coors Brewing Co B is considered a valuable investment with potential for growth and a steady dividend payout. Despite slightly lower scores for Resilience and Momentum, the overall outlook for the company remains positive.
Molson Coors Brewing Company, a global brewing company renowned for its beer production, has received favorable ratings indicating a promising future. With a strong emphasis on value, growth, and dividends, Molson Coors Brewing Co B is well-positioned in the market. Though facing some challenges in resilience and momentum, the company’s overall outlook appears bright for the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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