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Jun 30, 2020
Molson Coors Q2 2020 Earnings Report
Molson Coors experienced a decrease in net sales revenue and net income, while non-GAAP EPS increased amidst difficult business conditions from coronavirus
Key Takeaways
Molson Coors reported a decrease in net sales revenue by 15.1% and a decrease in U.S. GAAP net income of 40.8%. However, non-GAAP EPS increased by 2.0%. The company is taking steps to mitigate the short-term business challenges of the coronavirus and position the business for long-term success.
Net sales decreased 15.1% due to on-premise closures from coronavirus.
U.S. GAAP net income decreased 40.8% to $195 million.
Non-GAAP EPS increased 2.0% to $1.55.
Underlying EBITDA increased 2.2% in constant currency to $692 million.
Molson Coors
Molson Coors
Molson Coors Revenue by Segment
Revenue by Segment
Americas Revenue
CapyFin.comEMEA&APAC Revenue
CapyFin.com Forward Guidance
Molson Coors withdrew its financial outlook for 2020 and beyond due to the unpredictability of the market. The company anticipates a significant adverse impact to both net sales and profit performance for the third quarter and fiscal year 2020, and, possibly, beyond.