Molson Coors Brewing (TAP) Misses Q3 EPS by 9c

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Go back to Molson Coors Brewing (TAP) Misses Q3 EPS by 9c

Molson Coors Reports Third Quarter Results

November 1, 2016 6:45 AM EDT

Third Quarter 2016 Highlights(1)

Worldwide beer volume: 15.9 million hectoliters, decreased 3.8%; Coors Light volume decreased 3.3% worldwide Net sales: $947.6 million, decreased 6.9% on a reported basis, and decreased 2.2% in constant currency Net sales per HL: $109.65, decreased 3.5%, and increased 1.3% in constant currency U.S. GAAP net income from continuing operations attributable to MCBC: $202.5 million ($0.94 per diluted share), increased from $13.7 million a year ago Underlying after-tax income: $222.7 million ($1.03 per diluted share), decreased 14.3% Underlying EBITDA (earnings before interest, taxes, depreciation and amortization): $403.1 million, decreased 4.1%

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