Molson Coors Brewing (TAP) Tops Q2 EPS by 87c, Revenues Beat

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Molson Coors Reports 2020 Second Quarter Results

July 30, 2020 7:00 AM EDT

Strong Second Quarter Performance Amidst Difficult Business Conditions from Coronavirus

Net Sales Revenue Decreased 15.1% Reported and 14.3% in Constant Currency

U.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 Currency

Management Updates on Mitigating Actions Taking Steps Focused on Employee Safety and Immediate Business Challenges Positioning Business to Succeed in the Long-Term

GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)-- Molson Coors... More