Molson Coors reports Q2 EPS $1.78, consensus $1.59

Reports Q2 revenue $ $3.27B , consensus $3.29B.Tracey Joubert, Chief Financial Officer Statement: “We are extremely pleased with our second quarter performance, with both business units achieving double-digit net sales and underlying income before income tax growth. We did this while continuing to invest in our business, reduce net debt and return cash to shareholders. While we remain mindful of the dynamic global macro economic environment and beer industry softness, our robust second quarter performance coupled with the strong foundation we have laid over the last three years, provide us the confidence to significantly raise our 2023 annual guidance. Our strategy is working, positioning us to deliver top and bottom-line growth in 2023 and beyond.”