Molson Coors Reports 2020 Fourth Quarter and Full Year Results and Reinstates Guidance for 2021
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Molson Coors Brewing (TAP) Misses Q4 EPS by 37c, Revenues Miss
February 11, 2021 7:04 AM ESTMolson Coors Brewing (NYSE: TAP) reported Q4 EPS of $0.40, $0.37 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.4 billion.
Fourth Quarter Highlights:
Fourth Quarter Net Sales Revenue decreased 7.7% reported and 8.3% in constant currency, primarily driven by Europe and Canada declines resulting from restrictions in the on-premise channel as a result of the coronavirus pandemic.Fourth Quarter Net Sales Revenue in the U.S., the Company's largest market, increased 1.9%, on a brand volume basis, partially offsetting the Europe and Canada... More