Molson Coors Brewing (TAP) Misses Q1 EPS by 6c, Revenues Miss

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Go back to Molson Coors Brewing (TAP) Misses Q1 EPS by 6c, Revenues Miss

Molson Coors Reports 2019 First Quarter Results

May 1, 2019 7:00 AM EDT

Net Sales Revenue of $2.3 billion, Decreased 1.2%, Increased 0.6% in Constant Currency

Lower U.S. GAAP Net Income Driven by One-Time $328 Million Purchase Price Settlement Gain in 2018 Underlying EBITDA Decreased 0.9%, Increased 0.2% in Constant Currency

EPS (U.S. GAAP) of $0.70 Decreased 45.3%, and Underlying EPS (Non-GAAP) of $0.52 Increased 8.3%

Management Reaffirms Increased Dividend Expectations Remains Committed to Free Cash Flow and Cost Savings Targets, as well as Further Deleveraging in 2019

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DENVER & MONTREAL--(BUSINESS WIRE)-- Molson Coors... More