Molson Coors Reports Q3 2024 Earnings with Revenue and Profit Declines
Molson Coors (TAP) reported a 7.8% decline in consolidated net sales revenue for Q3 2024, primarily due to the exit of Pabst contract brewing and unfavorable U.S. shipment timing. Underlying pre-tax income fell 8.7%, and U.S. financial volume dropped 17.9% amid macroeconomic challenges and weaker summer beer demand.
Tickers: $TAP
Topics: beer industry performance contract brewing exit earnings report free cash flow revenue decline share repurchase