Molson Coors Reports 2018 Second Quarter Results

EPS (U.S. GAAP) of $1.96 Increased 28.9%, and Underlying EPS (Non-GAAP) of $1.88 Increased 10.6%, versus prior year

EPS (U.S. GAAP) of $1.96 Increased 28.9%, and

Underlying EPS (Non-GAAP) of $1.88 Increased 10.6%, versus prior year

Sequential Improvement to Top and Bottom Line Reflects Benefits from Positive Global Net Pricing, Cost Savings Delivery, Lower Marketing Spend and U.S. Tax Reform,

Despite Worldwide Brand Volumes down 2.4%

Management Remains Committed to Full-Year Free Cash Flow and Cost Savings Targets

DENVER, Colo., and MONTREAL, Quebec – August 1, 2018 – Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) today reported results for the 2018 second quarter. Molson Coors president and chief executive officer Mark Hunter said:

"We were pleased with the sequential improvements in the second quarter for top and bottom line results. Our full year underlying cost savings and free cash flow guidance has not changed, despite ongoing industry demand challenges in the U.S. and Canada and inflationary pressures. While we are aggressively addressing our volume performance in North America, performance in our Europe and International businesses was strong in the quarter.

Read full article

Molson Coors Canada and HEXO Announce Agreement to Create Joint Venture Focused on Non-Alcoholic, Cannabis-Infused Beverages for the Canadian Market

Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company (NYSE: TAP; TSX: TPX), and leading Canadian cannabis producer, The Hydropothecary Corporation (“HEXO”) (TSX: HEXO), are pleased to announce that they have entered into a definitive agreement to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.

View all news stories