Earnings Preview: Molson Coors

| About: Molson Coors (TAP)

Molson Coors (NYSE:TAP) is expected to report Q3 earnings before the open on Wednesday, November 2, with a conference call scheduled for 11:00 am ET.


Analysts are looking for a profit of $1.25 on revenue of $946.35M. The consensus range is $1.23-$1.26 for EPS, and revenue of $929.84M-$966.24M, according to First Call. Previously, Molson Coors raised prices to offset soft sales, and investors will be listening to the company's statements about how it plans to cope as economic woes continue to drag on. Also potentially weighing on sales are increased taxes on alcohol, as a New York Times article published in September pointed out that states are continually turning to increased taxation on alcohol to shore up revenue gaps.

About this article:

Tagged: , Beverages - Brewers, Earnings, non RSS
Problem with this article? Please tell us. Disagree with this article? .