Molson Coors Beverage (TAP) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same period last year. The sequential growth was notably larger than the year-over-year increase.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same period last year. The sequential growth was notably larger than the year-over-year increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
+39.5%
Change from the immediately preceding quarter.
Year-over-year
+10.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $3.5B | +2.4% |
| Dec 31, 2022 | $3.1B | -1.5% |
| Mar 31, 2023 | $2.8B | +5.0% |
| Jun 30, 2023 | $3.9B | +10.6% |
Revenue performance
The reported revenue for the latest quarter was higher than the preceding quarter, indicating a strong sequential improvement. Year-over-year, revenue also showed growth.
Quarterly comparison
Compared to the immediately preceding quarter, revenue saw a substantial increase. When measured against the same quarter one year earlier, revenue also grew, though at a more moderate pace.
What to watch
A notable portion of the company's cash and cash equivalents is held in foreign currencies, making it sensitive to exchange rate movements.