Molson Coors beats profit estimates on soft demand

|About: Molson Coors Brewing Company (TAP)|By:, SA News Editor

Molson Coors (TAP +1.4%) says consumer demand was weak across global markets for beer during Q3.

The company's U.S. arm MillerCoors (JV w/SBMRY) reported a 1.9% drop in sales to retailers which comes amid higher commodity and brewery costs.

Cost-cutting measures, lower interest expenses, and a favorable tax rate helped the brewer beat estimates on its bottom line.