Molson Coors 4th-quarter increase adult on aloft U.S. sales

Molson Coors Beverage Co. reported a fourth-quarter distinction of $163.7 million US, adult from $76.0 million in a same entertain a year earlier.

The brewer, that keeps a books in U.S. dollars, says a distinction amounted to 75 cents per share for a entertain finished Dec. 31, compared with a distinction of 35 cents per share in a fourth entertain of 2018.

Net sales totalled scarcely $2.49 billion, adult from scarcely $2.42 billion.

The boost came as U.S. net sales rose 4.7 per cent compared with year ago, though fell 4.6 per cent in Canada. European net sales rose 1.1 per cent, while a general shred climbed 7.5 per cent.

Molson Coors says a underlying distinction for a entertain amounted to $221.5 million or $1.02 per share compared with an underlying distinction of $182.3 million or 84 cents per share in a same duration a year earlier.

Analysts on normal had approaching an practiced distinction of 78 cents per share, according to financial markets information organisation Refinitiv.

Article source: https://www.cbc.ca/news/business/molson-coors-profits-up-4th-quarter-1.5460928?cmp=rss