Molson Coors Beverage Company (NYSE: TAP) reported third quarter 2023 earnings results today.
Net sales increased 12.4% year-over-year to $3.3 billion.
GAAP net income doubled to $430.7 million, or $1.98 per share, from last year. Adjusted EPS rose 46% to $1.92.
The company expects net sales to increase in the mid-single digits for the fourth quarter of 2023 and in the high single digits for the full year of 2023.