The company said net sales for Q1 rose 6% to $2,661.8 million on May 31, 2024, and reported operating income rose 23% to $941.6 million. Reported diluted EPS was $4.78, and comparable diluted EPS was $3.57.

1. 01

   The company said net sales for Q1 rose 6% to $2,661.8 million on May 31, 2024, and reported operating income rose 23% to $941.6 million. Reported diluted EPS was $4.78, and comparable diluted EPS was $3.57.

2. 02

   The company said Beer Business net sales for Q1 grew 8% to $2,272.8 million, and shipment volume rose 7.6%. It said the operating margin rose 260 basis points to 40.6%.

3. 03

   The company said Wine and Spirits net sales for Q1 fell 7% to $389.0 million, and segment operating income declined 25% to $59.7 million. It said the operating margin fell 370 basis points to 15.3%.

4. 04

   The company said operating cash flow for Q1 was $691 million and free cash flow was $315 million. It also said it repurchased shares for $200 million in the same quarter and disclosed a quarterly dividend of $1.01 per Class A share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.