Molson Coors Q3 Earnings & Sales Beat, Stock Dips on Soft View
TAPMolson Coors(TAP) ZACKS·2024-11-08 02:50

Molson Coors Beverage Company (TAP) has posted third-quarter 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate but declined year over year. The results were largely affected by the challenging U.S. macroeconomic environment, the anticipated unfavorable shipment timing and the wind-down of a contract brewing agreement, causing a 17.9% year-over-year decline in U.S. financial volume. This was partly offset by the strong performance of the EMEA&APAC business and robust results in ...