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Last $84.79 USD
Change Today -2.25 / -2.59%
Volume 402.0
TAP/A On Other Exchanges
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As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

molson coors brewing co -a (TAP/A) Key Developments

Molson Coors Reportedly Mulls Sale Of Applewood Golf Course To Carlson Associates

Molson Coors Brewing Company (NYSE:TAP) is reportedly seeking to sell Applewood Golf Course to Carlson Associates, Inc. Golden based Molson Coors, which owns the land on which the course sits, confirmed it is in talks to sell it to Carlson Associates. "As the golf course is not core to our brewing operations, the sale would allow Molson Coors to focus more of our resources on building our global beer business, which is our top priority," Molson Coors said in a statement.

Molson Coors Brewing Company Announces Earnings Guidance for the Full Year 2015

Molson Coors Brewing Company announced earnings guidance for the full year 2015. The company’s 2015 capital spending outlook is approximately $330 million, up from $291 million last year, primarily due to plans and capital projects in Canada and keg purchases in Europe. The company expects 2015 underlying effective tax rate to be in the range of 18% to 22%, assuming no further changes in tax loss, settlements of tax orders or adjustments to uncertain tax positions. The company continue to expect long-term tax rate to be in the range of 20% to 24%.

Molson Coors Brewing Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Declares Quarterly Dividend on Class A and Class B Common Shares, Payable March 16, 2015

Molson Coors Brewing Company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, net income attributable to the company was $94.1 million or $0.50 per basic and diluted share on net sales of $973.8 million along with operating income was $154.4 million and income from continuing operations before income taxes was $120.6 million against net income attributable to the company was $137.2 million or $0.74 per basic and diluted share on net sales of $1,028.4 million along with operating income was $160.9 million and income from continuing operations before income taxes was $152.1 million a year ago. Net income from continuing operations was $93.5 million or $0.50 per basic and diluted share against net income from continuing operations was $137.3 million or $0.74 per basic and diluted share a year ago. Non-GAAP Underlying after-tax income was $102.1 million compared to $129.2 million a year ago. Underlying EBITDA was $273.9 million compared to $320.6 million a year ago. For the full year, net income attributable to the company was $514.0 million or $2.78 per basic share and $2.76 per diluted share on net sales of $4,146.3 million along with operating income was $726.5 million and income from continuing operations before income taxes was $586.3 million against net income attributable to the company was $567.3 million or $3.10 per basic share and $3.08 per diluted share on net sales of $4,206.1 million along with operating income was $805.7 million and income from continuing operations before income taxes was $654.5 million a year ago. Net income from continuing operations was $517.3 million or $2.78 per basic share and $2.76 per diluted share against net income from continuing operations was $570.5 million or $3.09 per basic share and $3.07 per diluted share a year ago. Net cash provided by operating activities was $1,272.6 million compared to $1,168.2 million a year ago. Additions to properties were $259.5 million compared to $293.9 million a year ago. Non-GAAP Underlying after-tax income was $768.5 million compared to $727.1 million a year ago. Underlying EBITDA was $1,470.5 million compared to $1,468.5 million a year ago. Capex was $291 million. The company declared an increased regular quarterly dividend of $0.41 per share, payable March 16, 2015, to Class A and Class B shareholders of record on February 27, 2015. This dividend represents an 11% increase from the previous quarterly rate of $0.37 per share and raises the annual dividend rate to $1.64 per share.

Purple WiFi Partners with Molson Coors to Provide WiFi Hotspot-Driven CRM System

Purple WiFi announced its partnership with Molson Coors. As part of a new trial, Molson Coors is offering a secure gated access point for a pub's WiFi where Molson Coors brands are stocked, such as; Carling, Coors Light and Cobra. The access point also enables the licensees to engage with their customers directly to build loyalty and provide them relevant information and offers. The licensed venue can also use the Molson Coors Cloud to achieve social media engagement, customer interaction and< /span> loyalty, data collection and ROI from additional food and beverage sales.

Molson Coors Brewing Company, Q4 2014 Earnings Call, Feb 10, 2015

Molson Coors Brewing Company, Q4 2014 Earnings Call, Feb 10, 2015

 

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