Molson Coors reports Q1 EPS 54c, consensus 26c

Reports Q1 revenue $2.35B, consensus $2.22B.In the first quarter of 2023, Molson Coors delivered strong net sales growth and increased its underlying income before income taxes on a constant currency basis by high double digits. These results benefited from particularly strong rollover pricing compared to the prior year and were achieved despite continued macro-economic pressures. After growing both these metrics on a full-year basis in 2022, the company continues to deliver against its priorities, growing revenue across both business units in the first quarter and reaffirming its full-year 2023 guidance.