Molson Coors Brewing Earnings: MicroBewers are Eating into Sales

Molson Coors Brewing (NYSE:TAP) announced financial results for the first quarter. Molson Coors Brewing Company brews beer through breweries in Canada, the United States and the United Kingdom, but distributes worldwide.

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Molson Coors Brewing Earnings Cheat Sheet for the First Quarter

Results: Molson Coors (NYSE:TAP) earned $82.9 million, or 44 cents a share, on the period, down from $104.6 million, or 56 cents a share, in the same quarter a year ago.

Sales: Sales net of excuse taxes rose to $690 million from $661 million, that increase was offset by higher costs and lower volume.

Actual vs. Wall St. Expectations: Analysts had been expecting earnings of 44 cents a share on revenue of $691 million. (FactSet).

Competitors to Watch: Anheuser-Busch InBev (NYSE:BUD), Boston Beer Company (NYSE:SAM), Craft Brewers Alliance (NASDAQ:HOOK), Companhia de Bebidas das Americas (NYSE:ABV), SABMiller plc (PINK:SBMRY), Heineken N.V. (PINK:HINKY), Constellation Brands, Inc. (NYSE:STZ), and Diageo plc (NYSE:DEO).

Stock Performance: Shares of TAP are up 1% but got slaughtered after earnings.

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