Molson Coors reaffirms 2024 full-year guidance
CEO Gavin Hattersley expresses confidence in company’s long-range strategic plan and financial objectives
Print7 August 2024
Molson Coors Beverage Company has announced that its core brands led the way as the company reaffirmed its full-year guidance in its latest financial results.
In a statement, the brewer noted that it grew its bottom line and held its top line essentially flat against difficult prior-year comparisons.
In a recent call with the investment community, CEO Gavin Hattersley projected confidence in achieving the goals laid out in Molson Coors’ long-range strategic plan.
“We are confident in our strategy, the trajectory of our total business, and our short and long-term growth objectives,” Hattersley said.
“We’ve just delivered another quarter of bottom-line growth and strong cash flow, and the highly cash-generative nature of our business has enabled us to continue investing in our brands and our capabilities to support our progress against our strategic initiatives.”
European portfolio
According to the drinks giant its European portfolio of core power brands saw strong results in the second quarter.
In the UK, Carling’s brand equity continued to benefit from its partnership with the FA Cup, it added.
Read more: Molson Coors introduces gender-neutral parental leave policy in Ireland
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