Molson Coors Beverage Company (NYSE: TAP) is expected to register top and bottom-line declines when it reports second-quarter 2024 earnings on Aug 6, before market open. The Zacks Consensus Estimate for the company's second-quarter revenues is pegged at $3.2 billion, suggesting a 2.7% decline from the prior-year period's reported figure. The consensus mark for earnings has moved down by a penny in the past seven days to $1.68 per share, indicating a decline of 5.6% from the year-ago reported figure. In the last reported quarter, this leading alcohol company delivered an earnings surprise of 33.8%. It has recorded an earnings surprise of 18.7%, on average, in the trailing four quarters. Molson Coors Beverage Company Price and EPS Surprise Molson Coors Beverage Company price-eps-surprise | Molson Coors Beverage Company Quote Key Factors to Note Molson Coors has exhibited robust brand strength and success across its geographic segments, historically contributing to sales growth. The company's market share gains, driven by innovation and premiumization, have further bolstered its performance. By expanding its portfolio with higher-margin, above-premium products like Simply Spiked Lemonade, Molson Coors has positioned itself to capitalize on growing consumer demand for premium beverages. Strategic investments in core brands and market share expansion are expected to have positively contributed to the top line in the to-be-reported quarter. Molson Coors has been progressing well with its revitalization plan, aimed at achieving sustainable top-line growth by streamlining the organization and reinvesting in its brands and capabilities. The company ...