Molson Coors Brewing (TAP) Misses Q4 EPS by 37c, Revenues Miss
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Molson Coors Reports 2020 Fourth Quarter and Full Year Results and Reinstates Guidance for 2021
February 11, 2021 7:00 AM ESTGOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)-- Molson Coors Beverage Company (NYSE: TAP; TSX: TPX) today reported results for the 2020 fourth quarter and full year.
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... More