Filing Flows › Molson Coors Beverage (TAP) › Q1 2025
Molson Coors Beverage (TAP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Molson Coors Beverage (TAP) reported revenue of $2.7B for the first quarter 2025 (Q1 2025), -12% from a year earlier and -17% from the quarter before. Operating margin was 6.9%, net earnings $121M (4.5% of revenue).
Molson Coors Beverage, Q1 2025: revenue $2.7B (-12% year over year), operating margin 6.9%, net earnings $121M, operating cash flow −$90.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | -17% | -12% |
| Gross profit | $851M | -18% | -12% |
| Operating profit | $186M | -52% | -41% |
| Net earnings | $121M | -58% | -42% |
| Operating cash flow | −$90.7M | — | — |
What changed
Revenue was $2.7B in Q1 2025, down 12% year over year and down 17% from the previous quarter.
Gross margin was 31.6%, unchanged from a year earlier. Operating profit was $0.19B, a 6.9% margin (down 3.4 points year over year). Operating expenses grew 2% against a revenue fall of 12%. Net earnings were $0.12B, down 42% year over year. The effective tax rate was 21.2%.
Operating cash flow was −$0.09B. Non-cash charges added back $0.18B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.41B. Capital expenditures of $0.24B exceeded it, leaving free cash flow of −$0.33B.
Questions
What was Molson Coors Beverage's revenue in the first quarter 2025?
Molson Coors Beverage (TAP) reported revenue of $2.7B for the first quarter 2025 (Q1 2025), -12% from a year earlier and -17% from the quarter before.
Was Molson Coors Beverage profitable in the first quarter 2025?
Operating profit was $186M (6.9% of revenue) and net earnings $121M.