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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 7.09B | 26.8% |
Gross Profit | 1.33B | 38% |
Cost of Revenue | 2.7B | 10.1% |
Operating expense | 781M | 5.2% |
Net Income | 427M | 105.5% |
EBITDA | 786M | 61.5% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 27.4B | 5.1% |
Total Liabilities | 14B | 9.9% |
Total Equity | 13.2B | 0.5% |
Shares Outstanding | 210M | 1.3% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 869M | 3322% |
Cash from investing | -169M | 20.5% |
Cash from financing | 502M | 332.1% |
EPS
Financial Highlights for Molson Coors in Q2 '24
Molson Coors reported a revenue of 7.09B, which is a 26.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.33B, marking a 38% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.7B, a 10.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 781M, showing a -5.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 427M, showing a 105.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 786M, showing a 61.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Molson Coors with growth in revenue, gross profit, and net income.