Bullish Options Acitivity in Molson Coors Brewing (TAP) Following Sell-Off in Shares on Disappointing Earnings Report -Susquehanna

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Go back to Bullish Options Acitivity in Molson Coors Brewing (TAP) Following Sell-Off in Shares on Disappointing Earnings Report -Susquehanna

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UPDATE: Molson Coors Brewing (TAP) Reports Q1 Miss on Revenues

May 2, 2018 7:06 AM EDT

(Updated - May 2, 2018 7:06 AM EDT)

Molson Coors Brewing (NYSE: TAP) reported Q1 EPS of $1.28, $0.50 better than the analyst estimate of $0.78. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.46 billion.


Quarterly Highlights (versus First Quarter 2017 Results)

Net sales: $2.33 billion, decreased 4.8 percent, due to lower financial and royalty volumes, negative global mix, adoption of the new revenue recognition accounting standard (discussed in the Appendix below), and the approximate $50 million impact of cycling the indirect tax provision in Europe that was reversed a year ago. These factors... More