Molson Coors stock slips as coronavirus-related closures expected to hurt fiscal year results [MarketWatch]
Molson Coors Beverage Company Class B (TAP)
Last molson coors beverage company class b earnings: 4/30 07:00 am
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US:NYSE Investor Relations:
ir.molsoncoors.com/overview/default.aspx
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Source: MarketWatch
Molson Coors Beverage Co. stock fell 1.6% after the beer brewer said the closures of spaces like sporting stadiums, bars and other "on-premise" venues is expected to hurt full fiscal year results. Molson Coors had a first-quarter net loss of $117 million, or 54 cents per share, after income of $151.4 million, or 70 cents per share, last year. Adjusted EPS of 35 cents beat the FactSet consensus for 33 cents. Sales of $2.54 billion were down from $2.80 billion and ahead of the $2.23 billion FactSet outlook. "We currently expect a significant adverse impact, particularly in the second quarter of 2020, to both net sales and profit performance for fiscal year 2020, and, possibly, beyond, due to the resulting closure of the on-premise channel in effectively all of our markets, as well as the anticipated negative impact of the pandemic on the global economy," the company said. Molson Coors estimates that off-premise sales accounted for 23% of the 2019 tally, 17% in North America and 50% to 5
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- 11/4/25 - Miss
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Sec Filings
- 12/3/25 - Form 144
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- 11/12/25 - Form 4
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