Molson Coors reports Q1 underlying EPS 62c, consensus 36c

Reports Q1 revenue $2.35B, consensus $2.33B. Rahul Goyal, President and Chief Executive Officer Statement: “We delivered a solid start to the year while executing our strategy in a dynamic external environment with limited near-term visibility. Under Horizon 2030, we said we’d take decisive action to strengthen our business, and we did just that in the first quarter, announcing the acquisition of Monaco Cocktails, closing a key portfolio gap through a disciplined approach and expanding our share-repurchase program to reinforce confidence in our long-term value. As we head into summer, we recognize the external environment remains fluid and plan to approach the season’s most important occasions with scale and impact across our global portfolio, while continuing to focus on returning Molson Coors (TAP) to sustained growth.”