Molson Coors Brewing (TAP) Reports In-Line Q3 EPS; Provides FY19 & FY20 Fiscal Outlooks, Announces Revitalization Plan

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Go back to Molson Coors Brewing (TAP) Reports In-Line Q3 EPS; Provides FY19 & FY20 Fiscal Outlooks, Announces Revitalization Plan

Molson Coors Announces Revitalization Plan and Reports 2019 Third Quarter Results

October 30, 2019 6:55 AM EDT

Net Sales Revenue Decreased 3.2% Reported and 2.0% in Constant Currency

U.S. GAAP Net Loss of $403 million Driven by Canadian Goodwill Impairment Charge

Underlying EBITDA of $703 million Decreased 5.6% in Constant Currency

EPS (U.S. GAAP) of $(1.86), and Underlying EPS (Non-GAAP) of $1.48 Decreased 19.6%

DENVER & MONTREAL--(BUSINESS WIRE)-- Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) today reported results for the 2019 third quarter and is also announcing a new revitalization plan intended to achieve... More