MW Molson Coors' stock leaps as profit beat and outlook calls for further strength
Shares of Molson Coors Beverage Co. $(TAP)$ ran up 5.1% in premarket trading Thursday, after the beer brewer beat quarterly profit and sales expectations, as higher prices helped offset continued volume declines.
The company also provided a full-year earnings outlook that guided for further growth, and was above Wall Street forecasts.
Underlying fourth-quarter earnings per share rose to $1.30 from $1.19, above the FactSet consensus of $1.13.
For 2025, the company targets underlying EPS growth in the high single-digit percentage range, while the current FactSet consensus of $5.97 is just 0.2% above 2024 EPS of $5.96.
This is breaking news. Check back for updates.
-Tomi Kilgore
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(END) Dow Jones Newswires
February 13, 2025 06:45 ET (11:45 GMT)
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