Molson Coors Brewing (TAP) Reports In-Line Q1 EPS
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Molson Coors Reports Lower First Quarter Net Sales, Underlying After-Tax Income and EBITDA
May 7, 2015 7:30 AM EDTFirst Quarter 2015 Highlights (1)
Net sales: $700.0 million, down 14.2% on a reported basis, and down 3.0% in constant currency Net sales per HL: $124.29, decreased 9.9%, but up 1.8% in constant currency Worldwide beer volume: 11.5 million hectoliters, decreased 3.5%; Coors Light volume grew 0.6% worldwide U.S. GAAP net income from continuing operations attributable to MCBC: $79.2 million, decreased 52.1% ($0.42 per diluted share) Underlying after-tax income: $86.1 million ($0.46 per diluted share), decreased 15.8% Underlying EBITDA (earnings before interest, taxes, depreciation and amortization):... More