Molson Coors Brewing (TAP) Tops Q1 EPS by 2c; Still Unable to Provide Guidance

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Molson Coors Reports 2020 First Quarter Results

April 30, 2020 7:00 AM EDT

Net Sales Revenue Decreased 8.7% Reported and 8.2% in Constant Currency

U.S. GAAP Net Loss of $117 Million (Loss of $0.54 Per Share), and Non-GAAP EPS of $0.35 Decreased 32.7%

Underlying EBITDA of $352 Million

Coronavirus Impacts Expected to Significantly Adversely Impact FY 2020 Results

Management Initiates Mitigating Actions As Employee Safety, Deleverage, and Liquidity Remain Priority

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GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)-- Molson Coors Beverage Company (NYSE: TAP; TSX:... More