Molson Coors' Q3 Mixed Bag: Earnings Win, Sales Drop, And Bold Bet On Non-Alcoholic With Dwayne 'The Rock' Johnson's ZOA

Molson Coors Beverage Company (NYSE:TAP) reported third-quarter adjusted earnings per share of $1.80, beating the street view of $1.67.

Quarterly sales of $3.04 billion missed the analyst consensus of $3.13 billion. Net sales decreased 7.8%, driven by lower financial volumes, partially offset by favorable price and sales mix.

Financial volumes dropped 12.3%, mainly due to lower shipments, including reduced contract brewing volumes in the Americas. Brand volumes fell 4.4%, with a 5.4% decline in the Americas and a 1.8% decrease in EMEA & APAC.

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Net sales benefited from a 4.5% positive price and sales mix ...

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