Recap: Molson Coors Beverage Q1 Earnings

 

Shares of Molson Coors Beverage TAP rose 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 97.14% over the past year to $0.01, which beat the estimate of ($0.09).

Revenue of $1,898,000,000 declined by 9.75% from the same period last year, which beat the estimate of $1,880,000,000.

Guidance

Molson Coors reaffirmed guidance for 2021.

Conference Call Details

Date: Apr 29, 2021

Time: 11:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.molsoncoors.com%2F&eventid=3079712&sessionid=1&key=31FB84CC671B9756019822867AD2D66A&regTag=&V2=false&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $56.10

Company's 52-week low was at $32.11

Price action over last quarter: Up 17.96%

Company Description

Molson Coors is the fifth- largest beer producer globally, boasting top-two positioning in the U.S., Canada, and many Central European markets. It brews and markets a slew of company-owned brands including Blue Moon, Coors, Miller, Vizzy, and Staropramen. It also sells various partner brands in certain locales such as Topo Chico (licensed from Coca-Cola), Amstel and Dos Equis in Canada (through an exclusive import/license arrangement with Heineken) and Corona in Central Europe (through an agreement with Anheuser-Busch InBev). The firm's go-to-market approach differs by geography as well, primarily using independent distributors in the U.S., but deploying hybrid models in Canada and Europe.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!