Molson Coors Brewing (TAP) Tops Q3 EPS by 9c
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Molson Coors Reports Higher Worldwide Volume and Gross Margins but Lower Third Quarter Underlying After-Tax Income
November 5, 2015 6:45 AM ESTLower Underlying Income Was Driven by Unfavorable Foreign Currency, Increased Brand Investments and the Termination of Major Business Contracts
Third Quarter 2015 Highlights(1)
Worldwide beer volume: 16.6 million hectoliters, increased 0.7%; Coors Light volume increased 1.0% worldwide Net sales: $1.017 billion, decreased 12.9% on a reported basis, and increased 0.7% in constant-currency Net sales per HL: $113.64, decreased 15.5%, or decreased 2.3% in constant-currency U.S. GAAP net income from continuing operations attributable to MCBC: $13.7 million ($0.07 per diluted share), increased 138.4% Underlying pretax income: $295.4 million, decreased 10.9%, and decreased 1.7% in constant-currency... More