Edition:
United States

Brewers

Page 1

Molson Coors Reports 2018 Third Quarter Results

Wednesday, 31 Oct 2018 07:00am EDT

Oct 31 (Reuters) - Molson Coors Brewing Co ::MOLSON COORS REPORTS 2018 THIRD QUARTER RESULTS.Q3 SALES $2.9 BILLION VERSUS I/B/E/S VIEW $2.92 BILLION.Q3 NON-GAAP EARNINGS PER SHARE $1.84.Q3 GAAP EARNINGS PER SHARE $1.56.Q3 EARNINGS PER SHARE VIEW $1.59 -- THOMSON REUTERS I/B/E/S.INCREASES COST SAVINGS GUIDANCE.REAFFIRMS DIVIDEND EXPECTATIONS."REMAINS COMMITTED TO FULL-YEAR FREE CASH FLOW AND DELEVERAGE TARGETS".MOLSON COORS BREWING - SEES 2018 CAPITAL SPENDING APPROXIMATELY $670 MILLION, PLUS OR MINUS 10 PERCENT..MOLSON COORS BREWING - SEES COST SAVINGS OF ABOUT $700 MILLION FOR 2017 TO 2019..MOLSON COORS BREWING - SEES 2018 UNDERLYING FREE CASH FLOW $1.5 BILLION, PLUS OR MINUS 10 PERCENT.MOLSON COORS BREWING - QTRLY U.S. BUSINESS NET SALES PER HECTOLITER WHICH EXCLUDES CONTRACT BREWING & COMPANY-OWNED-DISTRIBUTOR SALES, UP 1.3 PERCENT.DURING Q3 OF 2018, MCBC RECOGNIZED A NET SPECIAL CHARGE OF $36.6 MILLION.QTRLY WORLDWIDE BRAND VOLUME OF 25.3 MILLION HECTOLITERS DECREASED 1.0 PERCENT.MCBC RECOGNIZED OTHER NON-CORE NET CHARGES OF $35.3 MILLION IN QUARTER.MOLSON COORS BREWING - QTRLY WORLDWIDE BRAND VOLUME DECREASE DRIVEN BY DECLINES IN U.S. & CANADA, PARTIALLY OFFSET BY GROWTH IN EUROPE, INTERNATIONAL.U.S. BUSINESS BRAND VOLUME DECREASED 3.3 PERCENT FOR QUARTER.MOLSON COORS BREWING - IN UNITED STATES BUSINESS, INCREASED DISTRIBUTOR INVENTORY LEVELS AT END OF Q3 ARE EXPECTED TO REMAIN THROUGH END OF YEAR.

Tibet Galaxy Science and Technology Development to dissolve three units

Sunday, 31 Dec 2017 11:27pm EST

Jan 1 (Reuters) - Tibet Galaxy Science and Technology Development Co Ltd <000752.SZ> ::Says it plans to dissolve a beer unit, an infor-industry unit and a bio-tech unit in Tibet.

Japan's Asahi mulling possibility of selling stake Tsingtao Brewery

Thursday, 12 Oct 2017 04:23am EDT

Oct 12 (Reuters) - Tsingtao Brewery Co Ltd <600600.SS><0168.HK>:Says its second biggest shareholder Japan's Asahi Group Holdings is studying the possibility to sell entire or partial stake in the company.Says Asahi Group currently holds 270.1 million H-shares in the company, representing 19.99 percent of total issued share capital.

Japan's Asahi mulling possibility of selling stake Tsingtao Brewery

Thursday, 12 Oct 2017 04:23am EDT

Oct 12 (Reuters) - Tsingtao Brewery Co Ltd <600600.SS><0168.HK>:Says its second biggest shareholder Japan's Asahi Group Holdings is studying the possibility to sell entire or partial stake in the company.Says Asahi Group currently holds 270.1 million H-shares in the company, representing 19.99 percent of total issued share capital.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary