09:38 AM EDT, 04/30/2024 (MT Newswires) -- Molson Coors Beverage ( TAP/A ) reported Q1 underlying net income, a non-GAAP figure, Tuesday of $0.95 per diluted share, up from $0.54 a year earlier.

Analysts polled by Capital IQ expected $0.76.

Net sales for the quarter ended March 31 were $2.60 billion, up from $2.35 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.50 billion.

The company said it continues to expect 2024 underlying diluted EPS to see mid single-digit growth and net sales to see low single-digit increase compared with 2023.

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