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.
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
Most Popular
What to look for when Halliburton Company (HAL) reports Q4 2024 results?
Halliburton Company (NYSE: HAL) is expected to report fourth-quarter results on Wednesday, January 22, at 6:45 am ET. The oilfield service provider is currently recovering from a rough patch, marked
McCormick (MKC) is set to report Q4 2024 earnings results next week, a few points to note
Shares of McCormick & Company, Incorporated (NYSE: MKC) rose over 1% on Thursday. The stock has gained 12% in the past 12 months. The company is scheduled to report its fourth quarter
PNC Financial Q4 2024 profit more than doubles; revenue up 4%
The PNC Financial Services Group, Inc. (NYSE: PNC) reported a sharp increase in profit for the fourth quarter of 2024. Revenues grew by 4%. Net income attributable to common shareholders