Molson Coors Reports 2019 Second Quarter Results
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Molson Coors Brewing (TAP) Misses Q2 EPS by 13c, Revenues Miss; Provides FY19 Operational Guidance
July 31, 2019 7:03 AM EDTMolson Coors Brewing (NYSE: TAP) reported Q2 EPS of $1.52, $0.13 worse than the analyst estimate of $1.65. Revenue for the quarter came in at $2.95 billion versus the consensus estimate of $3.03 billion.
Net Sales Revenue Decreased 4.4% Reported and 2.9% in Constant CurrencyU.S. GAAP Net Income Decreased 22.3%Underlying EBITDA Decreased 12.8% in Constant CurrencyEPS (U.S. GAAP) of $1.52 Decreased 22.4%, andUnderlying EPS (Non-GAAP) of $1.52 Decreased 19.1%Soft Volume Partially Offset by Positive Global Pricing and Favorable MixIncreased Brand Investment to Drive Portfolio PremiumizationBoard of Directors Declares 39% Quarterly Dividend... More