Molson Coors Reports 2019 First Quarter Results
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Molson Coors Brewing (TAP) Misses Q1 EPS by 6c, Revenues Miss
May 1, 2019 7:03 AM EDTMolson Coors Brewing (NYSE: TAP) reported Q1 EPS of $0.52, $0.06 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.33 billion.
Net Sales Revenue of $2.3 billion, Decreased 1.2%, Increased 0.6% in Constant CurrencyLower U.S. GAAP Net Income Driven by One-Time $328 Million Purchase Price Settlement Gain in 2018 Underlying EBITDA Decreased 0.9%, Increased 0.2% in Constant CurrencyEPS (U.S. GAAP) of $0.70 Decreased 45.3%, and Underlying EPS (Non-GAAP) of $0.52 Increased 8.3%Management Reaffirms Increased Dividend Expectations Remains Committed to Free Cash Flow and Cost Savings Targets, as well... More