By Emily Dattilo
Shares of Molson Coors Beverage gained ground, rising 5.1% to $56.18, after the beer maker turned in a strong quarter.
For its fourth quarter, the company reported adjusted earnings of $1.30 a share, beating the consensus call for $1.13 among analysts tracked by FactSet. Net sales of $2.74 billion were above the consensus estimate for $2.70 billion.
"2024 was another year of progress for Molson Coors," said CEO Gavin Hattersley in the earnings release on Thursday morning. "We continued to advance our strategy and achieved another year of bottom-line growth."
For 2025, the company expects net sales will rise by a percentage in the low single digits on a constant currency basis.
"The global macro environment is rapidly evolving, resulting in uncertainty around the effects of geopolitical events and global trade policy including the impacts on consumer trends," Molson Coors said. "Our outlook does not reflect the impacts of these activities or any imposition of import tariffs by the U.S. and potential retaliatory actions by other countries."
Write to Emily Dattilo at emily.dattilo@dowjones.com
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(END) Dow Jones Newswires
February 13, 2025 10:08 ET (15:08 GMT)
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