Molson Coors reports Q 4EPS $1.30, consensus $1.07

Reports Q3 revenue $2.63B, consensus $2.62B.In 2022, Molson Coors continued to execute against its Revitalization Plan delivering strong top- and bottom-line growth, while navigating a challenging macro environment. Since announcing the Revitalization Plan in 2019, Molson Coors has made incredible progress and the strategy is beginning to yield results. We have powerful core brands across our global markets that are seeing renewed strength, with Coors Light and Miller Lite in the U.S. posting their strongest combined full-year dollar share performance in a decade. In Canada, Molson Canadian grew industry share for the full year, and in the U.K., Carling continues to be the number one brand in the market. The Company has continued to aggressively premiumize its portfolio, not only with hard seltzers, but with Simply Spiked Lemonade in the U.S. and Madri in the U.K., which has become one of our top 5 above premium brands globally. And in the fourth quarter, Molson Coors’ four largest economy brands in the U.S. combined to grow industry dollar share. Despite an uncertain near-term macro environment, we believe Molson Coors is well-positioned for long-term success. The strength of the Company’s brands, coupled with its continued investments in marketing and operational capabilities, provide a strong foundation for expected continued growth in 2023 and beyond