Categories AlphaGraphs, Earnings, Retail

Molson Coors Brewing (NYSE: TAP): Q4 2019 Earnings Snapshot

Molson Coors Brewing (NYSE: TAP) reported non-GAAP earnings of $1.02 per share for the fourth quarter of 2019 vs. $0.78 per share expected.

Sales increased 2.8% on a reported basis and 3% on constant currency to $2.45 billion vs. $2.48 billion expected.

Molson Coors Brewing (TAP) Q4 2019 earnings infograph

GAAP net income was $163.7 million or $0.75 per share vs. $76 million or $0.35 per share in the prior-year quarter.

For fiscal 2020, Molsor expects sales to be flat to low-single digit decrease on a constant currency basis; expects capital spending to be about $700 million, plus or minus 10%.

TAP shares rose about 5% in the pre-market trading hours.

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