Molson Coors Brewing (TAP) Net Income Rises 3.5%

Molson Coors Brewing (NYSE: TAP) reported Q3 non-GAAP $376.7 million, or $2.04 per share. Revenue for the quarter increased 0.9 percent to $2.07 billion.

“Despite a tough quarter in the overall industry, MillerCoors delivered profit growth driven primarily with Above Premium brands like Redd’s, Smith & Forge, Leinenkugel’s Summer Shandy and Blue Moon Belgian White,” said Tom Long, MillerCoors CEO. “Our success model is to continue to develop our Above Premium portfolio and to renovate our Premium Light business behind Coors Light and Miller Lite, two iconic brands with unmatched quality and consistency. We've demonstrated that when we market these brands and tell their story with conviction, consistency and authenticity, beer drinkers respond positively. We believe we are on the right track and will accelerate our investments to grow our priority brands.”

For earnings history and earnings-related data on Molson Coors Brewing (TAP) click here.

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