Molson Coors Beverage (TAP) Revenue — Quarter Ended Sep 30, 2024
Revenue for the most recent quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the most recent quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
-6.1%
Change from the immediately preceding quarter.
Year-over-year
-7.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.8B
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, 2023 | $3.3B | +6.0% |
| Mar 31, 2024 | $3B | +9.9% |
| Jun 30, 2024 | $3.8B | -0.9% |
| Sep 30, 2024 | $3.6B | -7.7% |
Revenue performance
The reported revenue decreased from the prior quarter, continuing a pattern of sequential decline after a gain in the earlier part of the year.
Quarterly comparison
Compared with the same quarter a year ago, revenue was also lower, marking a year-over-year decline that followed a prior period of growth.
What to watch
Monitor whether the revenue decline persists in the next quarter, as both sequential and year-over-year comparisons have turned negative.