On August 1 2023, MOLSON COORS BEVERAGE ($NYSE:TAP) announced their financial results for the second quarter of FY2023, ending June 30 2023. Total revenue was reported to be USD 3266.6 million, an 11.8% increase compared to the same quarter last year. Net income for the quarter was a remarkable USD 342.4 million, significantly higher than the previous year’s figure of USD 47.3 million.
The company’s stock opened at $65.2 and closed at $66.5, down by 4.7% from the prior closing price of 69.8. This was due to several factors, including weaker consumer demand, higher commodity costs and unfavorable weather conditions in some markets. The company’s CEO Mark Hunter stated that they are “working hard to drive better performance across our business, while continuing to invest in our brands and markets for the future”. Despite the second quarter results, Hunter remains confident that the company can reach its financial targets for FY2023. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for TAP. More…
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Cash Flow Snapshot
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Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TAP. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
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At GoodWhale, we analyzed the fundamentals of MOLSON COORS BEVERAGE and concluded that it is a medium risk investment in terms of financial and business aspects. We believe that investors can make informed decisions about investing in this company by looking at our rating. Our analysis has also revealed 2 risk warnings in their income sheet and balance sheet. To get more detailed information, we invite investors to register with us and check out our detailed analysis. Our research will help investors make informed decisions about investing in this company. More…
Risk Rating Analysis
Star Chart Analysis
Molson Coors Beverage Co and its competitors, Molson Coors Canada Inc, United Malt Group Ltd, and Hill Street Beverage Co Inc, are engaged in a fierce competition for market share. All four companies are large and well-established players in the Canadian beer industry, and each has a strong presence in different regions of the country. Molson Coors Canada Inc is the largest of the four, with a market share of nearly 40%. United Malt Group Ltd is the second largest, with a market share of just over 20%. Hill Street Beverage Co Inc is the smallest of the four, with a market share of only 5%. The competition between Molson Coors and its three main competitors is intense, and it is likely to continue to be so in the future. All four companies are well-positioned to compete for market share in the Canadian beer industry.
– Molson Coors Canada Inc ($TSX:TPX.B)
Molson Coors Canada Inc is a brewing company that has a market cap of 14.53B as of 2022. The company has a Return on Equity of 7.25%. The company produces and sells beer, wine, and spirits.
– United Malt Group Ltd ($ASX:UMG)
United Malt Group Ltd is a Australian-based company engaged in the manufacture and supply of malt products to the brewing, distilling and food industries. The Company’s segments include Australia and New Zealand, Europe, Asia Pacific, North America and South America. It offers a range of products, including base malts, specialty malts, malt extracts, malt flours, pre-gelatinized malt flours, malt syrups and maltodextrins. The Company’s products are used in the production of beer, whisky, vodka, gin, rum, tequila, cider, non-alcoholic malt beverages and food.
– Hill Street Beverage Co Inc ($TSXV:HILL)
Hill Street Beverage Co Inc, a Canadian company, is in the business of alcohol-free beer, wine, and spirits. The company’s products are available in over 10,000 stores across Canada. Hill Street Beverage Co Inc has a market cap of 5.57M as of 2022. The company’s Return on Equity is -90.22%.
Molson Coors Beverage reported their 2nd quarter financial results for FY2023, with total revenue increasing by 11.8% and net income substantially improving from the previous year. Despite these promising figures, investors responded negatively to the results, with the stock price dropping on the day of its release. In order to gain a better understanding of Molson Coors’ performance, analysts should consider the company’s current financial position, its competitive advantages in the industry, and examine any potential risks in the near future.
Investors should also take into account Molson Coors’ overall market share and the impact of any recent or upcoming changes to the industry landscape. By looking at these factors, investors can make an informed decision about whether Molson Coors is worth investing in.