Molson Coors Reports 2020 Second Quarter Results
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Molson Coors Brewing (TAP) Tops Q2 EPS by 87c, Revenues Beat
July 30, 2020 7:04 AM EDTMolson Coors Brewing (NYSE: TAP) reported Q2 EPS of $1.55, $0.87 better than the analyst estimate of $0.68. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.45 billion.
Strong Second Quarter Performance Amidst Difficult Business Conditions from CoronavirusNet Sales Revenue Decreased 15.1% Reported and 14.3% in Constant CurrencyU.S. GAAP Net Income of $195 Million ($0.90 Per Share) Decreased 40.8%, and Non-GAAP EPS of $1.55 increased 2.0%Underlying EBITDA of $692 Million Increased 2.2% in Constant CurrencyManagement Updates on Mitigating Actions Taking Steps Focused on Employee Safety and Immediate Business Challenges Positioning... More