Molson Coors Releases Quarterly Earnings
Jan 22, 2024 By MarketDepth
Molson Coors (TAP:NASD) has shown great poise for growth and continuing to deliver during third quarter. Net sales grew 12.4% on a reported basis and 11% on an constant-currency basis. As the company sees increase in sales with competitive pricing and impacts of currency.
Molson has done well over the last year up almost 29% as the company activates there plan to revamp and streamline the company. Due to the company increasing there profitability throughout there line of products they have seen succesful year over year growth.
The company wasn’t immune to increasing inflation and increased product costs but the company worked on fighting to keep the price of its brands competitive which has helped them continue to grow and expand market share.