Zurück geht es hier Grüezi! Sie wurden auf finanzen.ch, unser Portal für Schweizer Anleger, weitergeleitet.  Zurück geht es hier.
07.05.2014 14:45:14

Molson Coors Q1 Profit Surges Despite Lower Sales

(RTTNews) - Molson Coors Brewing Co. (TAP-A, TAP) on Wednesday reported a surge in profit for the first quarter from last year, reflecting a benefit on the early termination of a joint venture in Canada as well as lower costs and expenses that helped offset a decline in sales. Meanwhile, sales for the quarter missed analysts' estimates.

Denver, Colorado-based Molson Coors, which makes Coors Light and Blue Moon beers, posted net income attributable to the company for the first quarter of $163.4 million or $0.88 per share, up from $28.5 million or $0.16 per share in the same period last year.

In the latest quarter, Molson Coors recognized special items resulting in a benefit of net $52.5 million pretax, largely driven by $63.2 million received from Modelo for the early termination of the Modelo Molson joint venture in Canada.

This was partially offset by a charge of $4.9 million related to the accelerated amortization of the remaining carrying value of the Modelo brand intangible asset in Canada. Additionally, the company recognized charges of $5.8 million during the quarter related to restructuring programs.

Underlying after-tax income for the latest quarter were $102.2 million or $0.55 per share, compared with $47.5 million or $0.26 per share in the year-ago period. On average, five analysts polled by Thomson Reuters expected earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter declined 2 percent to $816.0 million from $828.5 million in the prior-year period, but edged up 0.3 percent on a currency basis. Analysts had a consensus revenue estimate of $818.43 million for the quarter.

Molson Coors' global beer volume for the quarter edged down 0.1 percent from last year to 11.92 million hectoliters.

Molson Coors said its underlying pre-tax income in Canada for the quarter rose 21 percent from the year-ago period, reflecting higher net pricing and lower marketing, general and administrative expenses. Underlying pre-tax income in Europe rose to $16.2 million on volume growth, cost savings, and a $2.8 million benefit from favorable currency movements.

The company's cost of goods sold for the quarter declined 4 percent to $523.2 million, while marketing, general and administrative expenses decreased 10 percent to $263.9 million.

At the U.S. operations - MillerCoors LLC, a joint venture between Molson Coors and SABMiller Plc. (SAB.L, SABMRY.PK) - net income attributable to the company for the first quarter increased to $291.2 million from $271.9 million in the same period last year.

Underlying earnings for the quarter rose 7.4 percent to $291.9 million from $271.9 million in the year-ago period. The results at MillerCoors were led by driven by positive pricing and sales mix, cost savings, and lower marketing spending primarily due to timing differences compared to last year.

Net sales for the quarter edged up 0.1 percent to $1.790 billion from $1.788 billion last year. The company sells beers such as Miller Lite and Coors Lite in the U.S.

Total company net revenue per barrel, including contract brewing and company-owned distributor sales, increased 3.4 percent. Domestic net revenue per barrel grew 3.3 percent as a result of favorable net pricing and positive brand mix.

TAP closed Tuesday's trading at $59.77, down $0.78 or 1.29 percent on a volume of 755,271 shares.

Analysen zu Molson Coors Brewing Company (MCBC)

  • Alle
  • Kaufen
  • Hold
  • Verkaufen
  • ?
Zu diesem Datensatz liegen uns leider keine Daten vor.
Eintrag hinzufügen

Erfolgreich hinzugefügt!. Zu Portfolio/Watchlist wechseln.

Es ist ein Fehler aufgetreten!

Kein Portfolio vorhanden. Bitte zusätzlich den Namen des neuen Portfolios angeben. Keine Watchlisten vorhanden. Bitte zusätzlich den Namen der neuen Watchlist angeben.

CHF
Hinzufügen

Investieren in Rüstungsaktien – Wall Street Live mit Tim Schäfer

Tim Schäfer analysiert im Gespräch mit David Kunz (COO der BX Swiss) die spannendsten Defense-Aktien aus Europa und den USA. Sind Rheinmetall, Palantir oder Lockheed Martin noch kaufenswert – oder schon überbewertet?
Wir sprechen über die Rolle von Trumps NATO-Druck, die massive Aufrüstung in Europa und warum gerade europäische Rüstungsaktien boomen.

✅ Top-Performer 2024
✅ Value- und Dividenden-Checks
✅ Geheimtipps wie BAE Systems, Thales & Co.
✅ Palantir als digitaler Profiteur

In unserem zweiwöchigen Format „Wall Street Live“ mit Tim Schäfer behandeln wir Topaktuelle Themen des Marktgeschehens.
🛑 Wichtig: Das Thema Rüstung ist gesellschaftlich wie ethisch komplex – in diesem Video beleuchten wir vor allem die börsentechnische Entwicklung und die wirtschaftlichen Auswirkungen globaler Ereignisse.

👉🏽 https://bxplus.ch/wall-street-live-mit-tim-schaefer/

Investieren in Rüstungsaktien – Wall Street Live mit Tim Schäfer

Mini-Futures auf SMI

Typ Stop-Loss Hebel Symbol
Short 12’900.00 8.23
SMI-Kurs: 11’731.14 04.04.2025 15:41:58
Long 11’257.21 19.75 S5TMYU
Long 10’980.00 13.95
Long 10’534.64 8.97 VSSM5U
Die Produktdokumentation, d.h. der Prospekt und das Basisinformationsblatt (BIB), sowie Informationen zu Chancen und Risiken, finden Sie unter: https://keyinvest-ch.ubs.com

finanzen.net News

Datum Titel
{{ARTIKEL.NEWS.HEAD.DATUM | date : "HH:mm" }}
{{ARTIKEL.NEWS.BODY.TITEL}}