Molson Coors Reports 2021 First Quarter Results
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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