Molson Coors reports Q1 non-GAAP EPS 95c, consensus 74c

Reports Q1 revenue $2.6B, consensus $2.5B. CEO Gavin Hattersley stated: “After back-to-back years of delivering on our growth objectives, we continued that momentum in the first quarter of 2024 with double-digit top and bottom-line growth. We believe our strategy is working and we remain committed to achieving growth in 2024 and in the years to come.” CFO Tracey Joubert stated: “Strong America’s volume and favorable net pricing across both business units resulted in double-digit top-line growth while volume leverage and ongoing cost savings drove meaningful margin expansion in the quarter. We achieved this all while continuing to invest in our business and returning over $200 million to shareholders through a quarterly cash dividend and share repurchases.”