By Katherine Hamilton
Molson Coors Beverage posted higher profit and sales in the first quarter, boosted by pricing and mix.
The beer company on Thursday posted a profit of $151.3 million, or 80 cents a share, in the quarter ended March 31, compared with $121.0 million, or 59 cents a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were 62 cents, ahead of the 36 cents anticipated by analysts, according to FactSet.
Revenue rose 2% to 2.35 billion. Analysts surveyed by FactSet forecast revenue of $2.33 billion.
Sales were driven by favorable pricing and sales mix, the maker of Miller Lite and Coors Light said. Financial volume meanwhile decreased 2.9% due to lower shipments.
Molson Coors reaffirmed its full-year outlook. In the current second quarter, it expects financial volumes in the U.S. to be 6% to 9% lower than the year before, trailing anticipated brand volume trends.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 30, 2026 06:54 ET (10:54 GMT)
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