Molson Coors Brewing (TAP) Tops Q1 EPS by 11c
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Molson Coors Reports Higher Worldwide Volume, Gross Margin, Net Income and Underlying After-Tax Income for the First Quarter
May 3, 2016 6:45 AM EDTFirst Quarter 2016 Highlights(1)
Worldwide beer volume: 11.6 million hectoliters, increased 1.2%; Coors Light volume increased 3.5% worldwide Net sales: $657.2 million, decreased 6.1% on a reported basis, and increased 0.1% in constant currency Net sales per HL: $114.32, decreased 8.0%, or decreased 1.9% in constant currency U.S. GAAP net income from continuing operations attributable to MCBC: $159.3 million ($0.78 per diluted share), increased 101.1% Underlying after-tax income: $110.3 million ($0.54 per diluted share), increased 28.1% Underlying EBITDA (earnings before interest, taxes, depreciation and amortization):... More