Molson Coors sees high-single-digit annual underlying EPS growth over long-term

Molson Coors Beverage introduced a new plan to accelerate its growth, its long-term financial outlook, and new capital deployment plans. The Acceleration Plan, designed to build upon the company’s growth in the years ahead, was shared at the company’s 2023 Strategy Day, the company announced. The long-term financial outlook includes: Low-single-digit annual net sales revenue growth, on a constant currency basis; Mid-single-digit annual underlying income before income taxes growth, on a constant currency basis; High-single-digit annual underlying earnings per share growth; and net debt to underlying EBITDA of under 2.5x over the long term. “Our long-term growth algorithm anticipates net sales revenue growth, margin expansion, and attractive earnings per share growth, while our expected compelling free cash flow generation supports reinvestment in value creation. With substantially improved financial flexibility, we are pleased to announce a new $2 billion share repurchase program as part of our balanced and cohesive approach of prioritizing capital allocation among investing in our business, reducing net debt, and returning cash to shareholders. As we look to the future, we are confident in our strategy and ability to drive compelling returns for our shareholders,” said CFO Tracey Joubert.