Categories AlphaGraphs, Earnings, Retail

Infographic: Highlights of Molson Coors Beverage (TAP) Q1 2020 earnings results

Molson Coors Beverage Company (NYSE: TAP) slipped to a loss in the first quarter of 2020 from a profit last year, due to unfavorable unrealized mark-to-market changes on its commodity positions and HEXO warrants, as well as the on-premise impacts of the coronavirus pandemic, the impact of lower financial volume, inflation and negative mix.

Molson Coors Brewing (TAP) Q1 2020 earnings review

The top line fell by 9% due to financial volume declines, estimated keg sales returns and reimbursements, as well as unfavorable mix. The board is actively evaluating various capital allocation options, including a suspension, reduction, or temporary elimination of its dividend. On March 27, Molson withdrew its financial outlook for 2020 and beyond due to the rapid spread of the COVID-19 outbreak.

Past Performance

TAP Q4 2019 Earnings Performance

TAP Q3 2019 Earnings Results
Also Read:  Children’s Place Inc. (PLCE) Q3 2020 Earnings Call

Most Popular

Nutanix reports narrower loss than expected in Q1

Nutanix (NASDAQ: NTNX) reported first-quarter 2021 financial results after the regular trading hours on Monday. The software firm reported Q1 revenue of $312.8 million, down 0.6% year-over-year, but higher than

Urban Outfitters (URBN) Q3 Earnings: Key financials and quarterly highlights

Urban Outfitters, Inc. (NASDAQ: URBN) reported third quarter 2021 earnings results today. Net sales decreased 1.8% year-over-year to $970 million. Net income was $77 million, or $0.78 per share, compared to

Earnings reports to watch for the week of Nov. 23

After starting the week on a positive note, major stock indexes witnessed volatility and slipped mid-week. Meanwhile, the S&P 500 index regained a part of the lost momentum and closed

Top