TAP Earnings Prediction
The chart below shows how TAP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TAP sees a +0.69% change in stock price 10 days leading up to the earnings, and a +1.54% change 10 days following the report. On the earnings day itself, the stock moves by -0.45%. This data can give you a slight idea of what to expect for the next quarter's release.
TAP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.60B
10.66%
-6.97%
Gross Margin
37.11%
12.97%
0.27%
Operating Margin
11.90%
79.22%
-5.03%
Net Margin
8.08%
158.97%
113.76%
EPS
0.97
193.94%
102.08%
No Data Available
TAP Earnings Analysis
Molson Coors Beverage Company Corporation (TAP.A.N) Earnings Conference Call
Positive
Molson Coors Beverage Company achieved over a 10% growth in net sales revenue and a nearly 69% increase in underlying pre-tax income in the first quarter
The company drove significant margin improvement and reaffirmed its full-year guidance for 2024, demonstrating confidence in its ability to grow the top and bottom line for a third consecutive year
Core brands like Coors Light, Coors Banquet, Miller Lite, and Ožujsko showed strong performance with double-digit brand volume growth and share gains in the US
Retailers have added around 13% more space for Coors Light and Miller Lite during spring resets, indicating structural share shifts and consumer demand
High-end brands such as Madri Excepcional, Simply Spiked, and Blue Moon have continued to drive growth and positive traction in the market
Investments in the Golden Brewery and a $100 million investment plan for U.K. operations will enhance capabilities and ensure world-class production of brands
Molson Coors Beverage Company reported double-digit top-line growth driven by volume and price mix and executed global net pricing increases in the quarter
The company saw favorable mix, lower PET contract brewing volumes, and a 4.2% increase in net sales per hectoliter driven by both business units
The company reiterates its 2024 guidance, expecting low single-digit net sales revenue growth, mid-single-digit underlying pre-tax income growth on a constant currency basis, and mid-single-digit underlying earnings per share growth
Molson Coors Beverage Company remains confident in its ability to deliver on its long-term growth algorithm and strategic goals for sustained success
Negative
- The US beer category has faced challenges in 2024, with volatility and mismatched weeks impacting industry trends. The company is cautious about current trends in the industry, mentioning concerns about the first quarter and keeping a close eye on April's performance.
- While the company reaffirmed its full-year guidance, there are uncertainties regarding industry trends and potential impacts on the balance of 2024. The company remains confident in achieving top and bottom line growth but acknowledges the industry's unpredictable nature.
- The Canadian beer industry, although showing improvements since the fourth quarter, remains challenged, with the company highlighting the need to take meaningful volume share. Challenges in the UK off-premise market have also been mentioned, reflecting ongoing difficulties in certain regions.
- The termination of the PAP contract brewing agreement at the end of the year is expected to be a 1.6 million hectoliter headwind to America's financial volumes over the remaining three quarters. This will impact financial volumes, adding further pressure on growth in the coming months.
