Molson Coors Q1 sales and profits exceed expectations due to higher prices and steady demand.

Molson Coors surpassed Q1 sales and profit estimates, driven by higher prices and steady demand for its brands, including Coors Light and Miller Lite. The company reaffirmed its full-year sales and profit projections, despite rising production costs. Net sales reached $2.60 billion, surpassing analysts' average estimate of $2.50 billion, with an adjusted profit of 95 cents per share.

April 30, 2024
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