Molson Coors Shares Sink Some 8% Despite Q1 Beat. What's Going On at the Beer Giant?
Molson Coors Shares Sink Some 8% Despite Q1 Beat. What's Going On at the Beer Giant?
$Molson Coors Beverage (TAP.US)$ fell some 8% Tuesday even though the beer giant beat analyst estimates for Q1 earnings and revenues.
$莫庫酒業 (TAP.US)$ 儘管這家啤酒巨頭對第一季度的收益和收入超過了分析師的預期，但週二仍下跌了約8％。
TAP fell 8.5% to $58.14 shortly before 3 p.m. ET even though the company reported sales grew 10.7% year on year during the latest quarter to hit $2.6 billion. That beat analysts' consensus estimate of $2.5 billion.
美國東部時間下午3點前不久，TAP下跌8.5％，至58.14美元，儘管該公司報告稱，最近一個季度的銷售額同比增長10.7％，達到26億美元。這超過了分析師共識估計的25億美元。
The company -- which sells Molson, Coors, Miller, Blue Moon and other beer brands -- said its revenue increase stemmed from higher financial volumes, favorable price-and-sales mix and favorable foreign-currency impacts.
該公司銷售莫爾森、庫爾斯、米勒、藍月亮和其他啤酒品牌。該公司表示，其收入增長源於財務量的增加、有利的價格和銷售組合以及有利的外匯影響。
Net sales from the Americas segment increased 10.6% on a reported and constant currency basis.
按報告和固定貨幣計算，美洲板塊的淨銷售額增長了10.6％。
Net sales from EMEA & APAC segment jumped 10.9%, driven by favorable price and sales mix as well as favorable foreign currency impacts, partially offset by slightly unfavorable financial volumes.
受有利的價格和銷售組合以及有利的外幣影響的推動，歐洲、中東和非洲及亞太地區的淨銷售額增長了10.9％，但部分被略微不利的財務量所抵消。
All in, Molson Coors said adjusted EPS totaled $0.95 for the quarter, beating analysts' consensus estimates of $0.74.
總而言之，莫爾森·庫爾斯表示，本季度調整後的每股收益總額爲0.95美元，超過了分析師普遍預期的0.74美元。
Gross profit also climbed 25% year over year to $963.5 million, while operating income jumped to $314.3 million on a 10.3% margin.
毛利也同比增長了25％，達到9.635億美元，而營業收入以10.3％的利潤率躍升至3.143億美元。
"Strong Americas volume and favorable net pricing across both business units resulted in double-digit top-line growth, while volume leverage and ongoing cost savings drove meaningful margin expansion in the quarter," CFO Tracey Joubert said in announcing the results.
首席財務官特雷西·喬伯特在公佈業績時表示：“強勁的美洲銷量和兩個業務部門的有利淨定價使收入實現了兩位數的增長，而銷量槓桿和持續的成本節省推動了本季度利潤率的大幅增長。”
As for its outlook, Molson Coors reaffirmed its 2024 net-sales outlook at a low-single-digit percentage increase vs. 2023 on a constant currency basis.
至於其前景，莫爾森·庫爾斯重申了其2024年的淨銷售展望，按固定貨幣計算，與2023年相比將實現較低的個位數百分比增長。
Molson also guided 2024 underlying diluted earnings per share to grow in the mid single digits in percentage terms compared to 2023.
莫爾森還指導，與2023年相比，2024年的基礎攤薄後每股收益將以中等個位數的百分比增長。
TAP also continues to expect underlying free cash flow of $1.2 billion +/- 10%, and capital expenditures of $700 million +/- 5%.
TAP還繼續預計，基礎自由現金流爲12億美元+/-10％，資本支出爲7億美元 +/-5％。