Molson Coors Brewing (TAP) Tops Q2 EPS by 9c
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Molson Coors Reports Lower Second Quarter Underlying After-Tax Income and EBITDA, Driven By a Higher Tax Rate and Unfavorable Foreign Currency; Underlying Pretax Earnings in Constant Currency Increase
August 6, 2015 7:30 AM EDTSecond Quarter 2015 Highlights (1)
Net sales: $1.006 billion, decreased 15.4% on a reported basis, and decreased 3.3% in constant-currency Net sales per HL: $116.63, decreased 14.4%, or decreased 2.2% in constant-currency Worldwide beer volume: 16.3 million hectoliters, decreased 1.9%; Coors Light volume declined 2.3% worldwide U.S. GAAP net income from continuing operations attributable to MCBC: $229.3 million ($1.23 per diluted share), decreased 21.1% Underlying pretax income: $327.9 million, decreased 0.9%, but increased 5.9% in constant-currency Underlying after-tax income: $263.8 million ($1.41 per diluted share), decreased 9.9%... More