Molson Coors Beverage (TAP) Revenue — Quarter Ended Jun 30, 2024
Revenue increased significantly from the prior quarter, driven by higher brand net pricing and a favorable brand mix. Compared to the same quarter a year ago, revenue was slightly lower, reflecting ongoing market headwinds.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased significantly from the prior quarter, driven by higher brand net pricing and a favorable brand mix. Compared to the same quarter a year ago, revenue was slightly lower, reflecting ongoing market headwinds.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
+25.9%
Change from the immediately preceding quarter.
Year-over-year
-0.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.1B
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, 2023 | $3.9B | +11.0% |
| Dec 31, 2023 | $3.3B | +6.0% |
| Mar 31, 2024 | $3B | +9.9% |
| Jun 30, 2024 | $3.8B | -0.9% |
Revenue performance
The reported revenue direction is positive for the quarter, showing a substantial sequential improvement. This marks a reversal from the preceding quarter's lower revenue level.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose sharply, yet it was nearly flat versus the same quarter one year earlier with a slight decline. The trailing twelve-month revenue reflects a larger base over the past four quarters.
What to watch
Monitor whether the year-over-year revenue trend stabilizes or reverses in upcoming quarters given the slight decline from the prior year.