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Molson Coors Sees Strong Start in 2024

Molson Coors Sees Strong Start in 2024

Molson Coors Canada Class B (TSE:TPX.B) has released an update.

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Molson Coors Beverage Company kicked off 2024 with robust growth, reporting a 10.7% increase in first-quarter net sales and a significant rise in income before taxes, up by 160.5% as reported and 68.8% on a constant currency basis. The company credits the strong performance to elevated demand and strategic execution, underpinning confidence in maintaining top-line and bottom-line growth for the full year despite industry softness. Molson Coors reaffirms its 2024 financial guidance, reflecting sustained momentum in core brand performance and successful market strategies.

For further insights into TSE:TPX.B stock, check out TipRanks’ Stock Analysis page.

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