Molson Coors reports Q4 underlying EPS $1.19, consensus $1.12

Reports Q4 revenue $2.79B, consensus $2.77B. CEO Gavin Hattersley stated, “2023 marked the second straight year in which Molson Coors did exactly what we set out to do – grow our business. But more than that, last year we achieved the highest reported top and bottom-line figures in the history of our Company. We plan to build on this momentum in 2024, with strong commercial plans, a powerful and supportive distributor network and the financial flexibility to reinvest in our business.” CFO Tracey Joubert stated, “We are incredibly proud of our accomplishments in 2023. We achieved strong top and bottom-line growth driven in both our business units while we continued to strategically invest in our business, further strengthen our balance sheet and return cash to shareholders through a higher dividend and a larger new share repurchase program. We enter 2024 in a position of strength and are confident in our ability to continue to grow our business.”