Molson Coors Beverage (TAP) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential revenue rise continued an upward trajectory observed from the start of the calendar year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential revenue rise continued an upward trajectory observed from the start of the calendar year.
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
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+11.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.7B
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 |
|---|---|---|
| Dec 31, 2022 | $3.1B | -1.5% |
| Mar 31, 2023 | $2.8B | +5.0% |
| Jun 30, 2023 | $3.9B | +10.6% |
| Sep 30, 2023 | $3.9B | +11.0% |
Revenue performance
The reported revenue improved relative to the prior quarter, marking a continuation of sequential growth over the periods shown. Compared with the same quarter one year earlier, revenue was also higher.
Quarterly comparison
On a sequential basis, the revenue change turned from a prior-quarter decline to a positive result in the current quarter. Year over year, the revenue change was positive in both the current and the immediately preceding quarter.
What to watch
The filing notes that a material portion of cash and equivalents is held outside the U.S. and denominated in foreign currencies, exposing balances to exchange-rate fluctuations.