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Tuesday, February 12, 2019

-=Molson Coors Brewing (TAP) reported earnings on Tue 12 Feb 2019 (b/o)

Molson Coors Brewing beats by $0.05, misses on revs
  • Reports Q4 (Dec) earnings of $0.84 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of $0.79; revenues fell 6.2% year/year to $2.42 bln vs the $2.53 bln S&P Capital IQ Consensus.
  • HL on a brand volume basis(1) in constant currency decreased by 0.4 percent, driven by unfavorable sales mix across our segments, partially offset by higher net pricing.
  • Worldwide brand volume of 22.0 million hectoliters decreased 1.5 percent, due to lower volume in the U.S. and Canada, partially offset by growth in Europe and International.

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