Stock Track | Molson Coors (TAP) Stock Soars 6.52% as Q4 Earnings Beat Estimates on Higher Prices and Solid Demand
Molson Coors Beverage Co.'s (TAP) stock soared 6.52% in pre-market trading on Thursday, following the company's fourth-quarter earnings release. The beer maker reported better-than-expected earnings and revenue, driven by higher prices and recovering demand for its beer brands in the Americas.
Despite facing 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. However, the global macro environment and geopolitical events create uncertainty around the effects of global trade policy.
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