Molson Coors Beverage Company (TAP) saw its stock soar 5.99% in the pre-market trading session on Thursday, following the company's better-than-expected fourth-quarter results and an optimistic outlook for 2025.

The brewing giant reported an adjusted earnings per share (EPS) of $1.30 for the fourth quarter, surpassing the consensus estimate of $1.13. Additionally, the company's net sales of $2.74 billion slightly exceeded analysts' expectations of $2.70 billion.

Despite facing ongoing challenges, including lower financial volumes and unfavorable foreign currency impacts, Molson Coors managed to offset these headwinds through favorable pricing and sales mix. The company's strategic pricing initiatives and cost-saving efforts played a crucial role in driving its bottom-line growth.

Looking ahead, Molson Coors expects low single-digit net sales growth on a constant currency basis for 2025. The company also forecasts a mid single-digit increase in underlying income before income taxes and high single-digit growth in underlying earnings per share compared to 2024.

CEO Gavin Hattersley expressed confidence in the company's progress, stating, "2024 was another year of progress for Molson Coors. We continued to advance our strategy and achieved another year of bottom-line growth." Hattersley further highlighted the company's focus on supporting the health of its core brands while aggressively premiumizing its portfolio in both beer and beyond beer categories.