Net sales increased 4.1% reported and 7.0% in constant currency, primarily due to positive net pricing and favorable sales mix, partially offset by lower financial volumes. Underlying (Non-GAAP) income before income taxes of $328.6 million increased 51.1% in constant currency. GAAP loss before income taxes of $(564.1) million declined $673.6 million on a reported basis from income in the prior year largely driven by a non-cash $845 million partial goodwill impairment charge recognized in our Americas segment in the fourth quarter of 2022. Net sales per hectoliter on a financial volume basis increased 7.8% reported and 11.4% in constant currency, primarily due to positive net pricing and favorable sales mix resulting from portfolio premiumization and favorable channel mix. Net sales increased 0.4% reported and 3.8% in constant currency, primarily due to positive net pricing and favorable sales mix, partially offset by lower financial volumes.
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Molson Coors Beverage Company ("MCBC") (NYSE: TAP, TAP.A TSX: TPX.A, TPX.B) today reported results for the 2022 fourth quarter and full year. Fourth Quarter Underlying Net Income Increased 59.3% on a Constant Currency Basis Delivering on Full Year Bottom-Line GuidanceĮstablishes Fiscal 2023 Guidance for Continued Growth Amidst Global Inflationary Pressures
Molson Coors Fourth Quarter Net Income Decreased $670 million Due to Partial Goodwill Impairment Charge. Company Delivers Fourth Quarter Top-Line Growth, Exceeding Full Year Guidance on a Constant Currency Basis
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