Molson Coors Reports 2017 Second Quarter Result

Molson Coors Reports 2017 Second Quarter Result

DENVER, Colo., and MONTREAL, Quebec – August 2, 2017 – Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) today reported results for the 2017 second quarter.  Molson Coors president and chief executive officer Mark Hunter said, "In the second quarter, we continued to drive our First Choice for Consumers and Customers agenda, with laser focus on strengthening our core brands, premiumizing our portfolio, accelerating our international footprint, enhancing our customer partnerships, and driving the integration of MillerCoors and the Miller brands globally to unlock synergies and other cost savings.  As a sign of progress against this agenda, our team delivered solid growth in constant currency net sales, global brand volume, underlying EBITDA, net income, earnings per share and free cash flow.  Additionally, we exceeded our goals for cash generation and debt reduction in the first half of this year and have maintained our investment-grade debt ratings.  Our second quarter performance was in-line with our expectations, and we remain on track to deliver our 2017 business and financial plans, cost savings targets and cash flow goals." 

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