Molson Coors Beverage Co's gross profit for the
three
months ended in Dec. 2023 was $1,033 Mil. Molson Coors Beverage Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $4,369 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Molson Coors Beverage Co's gross profit for the
three
months ended in Dec. 2023 was $1,033 Mil. Molson Coors Beverage Co's Revenue for the
three
months ended in Dec. 2023 was $2,791 Mil. Therefore, Molson Coors Beverage Co's Gross Margin % for the quarter that ended in Dec. 2023 was 37.01%.
Molson Coors Beverage Co had a gross margin of 37.01% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Molson Coors Beverage Co was 43.32%. The lowest was 34.16%. And the median was 39.23%.
Warning Sign:
Molson Coors Beverage Co gross margin has been in long-term decline. The average rate of decline per year is -1.8%.
Molson Coors Beverage Co Gross Profit Historical Data
The historical data trend for Molson Coors Beverage Co's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Beverages - Brewers subindustry, Molson Coors Beverage Co's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Molson Coors Beverage Co Gross Profit Distribution
For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Beverage Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Molson Coors Beverage Co's Gross Profit falls into.
Molson Coors Beverage Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Molson Coors Beverage Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,369 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Molson Coors Beverage Co's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Molson Coors Beverage Co (NYSE:TAP) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Molson Coors Beverage Co had a gross margin of 37.01% for the quarter that ended in Dec. 2023 => Competition eroding margins
Molson Coors Beverage Co Gross Profit Related Terms
Thank you for viewing the detailed overview of Molson Coors Beverage Co's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Molson Coors Beverage Co (Molson Coors Beverage Co) Business Description
Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling, and ranks as the second largest beer maker in both value and volume terms in the U.S., Canada, and the United Kingdom. Through licensing agreements, it also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The company uses independent distributors in the U.S. given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market contributing over 80% of total revenue.
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