Molson Coors Records Third Quarter Profit – Up From Last Year

Denver/Montreal/Fraser Valley – As Molson Coors prepares to move its Vancouver brewery to Chilliwack and in 2021, moving their Montreal operations to Longueuil, the finances of the company remain strong.

Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) reported results for the 2018 third quarter.  Molson Coors president and chief executive officer Mark Hunter said:

           “This quarter reflects progress on a number of fronts as we drive our consistent First Choice strategy of earning more, using less and investing wisely as brand volume grew in developed and developing markets outside of North America, NSR/HL grew globally, and we grew underlying EBITDA in constant currency in each of our four business units.”

The beer maker stated earnings were US$338.3 million or $1.56 per diluted share for the quarter ended September 30.

That compared with a profit of $287.0 million or $1.33 per diluted share a year ago.

The Chilliwack operation is expected to go on line later in 2019.

 

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