Molson Coors Beverage (TAP) Revenue — Quarter Ended Mar 31, 2024
Revenue decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier. The year-over-year gain continued, while the sequential move was negative.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier. The year-over-year gain continued, while the sequential move was negative.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
-8.5%
Change from the immediately preceding quarter.
Year-over-year
+9.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.2B
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 |
|---|---|---|
| Jun 30, 2023 | $3.9B | +10.6% |
| Sep 30, 2023 | $3.9B | +11.0% |
| Dec 31, 2023 | $3.3B | +6.0% |
| Mar 31, 2024 | $3B | +9.9% |
Revenue performance
The reported revenue moved lower against the prior quarter, marking a reversal from the growth trend seen in earlier periods. However, on a year-over-year basis, revenue remained higher.
Quarterly comparison
Sequentially, revenue fell from the level reported in the preceding quarter. On an annual basis, revenue was above the figure from the same quarter one year earlier.
What to watch
The sequential decline in revenue breaks the pattern of growth seen in the preceding quarters, making it a point to monitor.