Molson Coors Reports 2021 First Quarter Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Molson Coors Brewing (TAP) Tops Q1 EPS by 11c
April 29, 2021 7:04 AM EDTMolson Coors Brewing (NYSE: TAP) reported Q1 EPS of $0.01, $0.11 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.88 billion.
2021 First Quarter Financial Highlights
Net Sales Revenue decreased 9.7% reported and 11.1% in constant currency, primarily driven by lower financial volumes [in North America decreased 9.4% and Europe decreased 22.0%] partially offset by net pricing growth.Net Sales Revenue per hectoliter increased 1.8%, on a brand volume basis, reflecting the continued premiumization of the portfolio as well as higher net pricing.U.S. GAAP Net Income of $84.1 million,... More