Molson Coors Canada Full Year 2024 Financial Overview

February 20, 2025 05:31 AM PST | By Team Kalkine Media

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Molson Coors Canada Full Year 2024 Financial Overview

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Highlights

Revenue remains steady at US$11.6 billion.

Net income sees an 18% increase.

Shares rise 3.4% over the past week.

Molson Coors Canada (TSX:TPX.B) recently announced its full-year financial results for 2024, maintaining stable revenue and showcasing impressive profitability. The company's revenue held steady at US$11.6 billion compared to the previous year. Notably, net income experienced a significant growth of 18%, reaching US$1.12 billion, highlighting the successful operational strategies implemented.

The profit margin improved, moving up to 9.7% from 8.1% in the financial year 2023, reflecting efficient cost management and revenue enhancements. Additionally, earnings per share (EPS) rose to US$5.38, up from US$4.39 the previous year, indicating robust financial health and shareholder value improvement.

Shares of Molson Coors Canada have gained 3.4% in value over the past week, reflecting market confidence in the company's future prospects. However, it's crucial to consider the inherent risks associated with any business operation. Investors might want to be aware of one specific warning sign identified for Molson Coors Canada.

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