Molson Coors Brewing (TAP) Reports In-Line Q2 EPS

Molson Coors Brewing (NYSE: TAP) reported Q2 EPS of $1.11, in-line with the analyst estimate of $1.11. Revenue for the quarter came in at $986.2 million versus the consensus estimate of $962.1 million.

Highlights:

• Worldwide beer volume: 16.1 million hectoliters, decreased 0.8%; Coors Light volume increased 4.1% worldwide and low-single-digits in the U.S.
• Net sales: $986.2 million, decreased 1.9% on a reported basis, and increased 1.9% in constant currency
• Net sales per HL: $114.96, decreased 1.4%, and increased 2.4% in constant currency
• U.S. GAAP net income from continuing operations attributable to MCBC: $174.1 million ($0.81 per diluted share), decreased 24.1%
• Underlying after-tax income: $239.5 million ($1.11 per diluted share), decreased 9.2%
• Underlying EBITDA earningss before interest, taxes, depreciation and amortization): $428.7 million, decreased 5.8%

For earnings history and earnings-related data on Molson Coors Brewing (TAP) click here.

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