Molson Coors beer sales decline in third quarter 2016
Molson Coors, on 1 November 2016, reported a 6.9 percent drop in third quarter volume sales, as demand for its beers in Canada and Europe declined.
Net income was USD 202.5 million in the third quarter ended 30 September 2016. Net revenues were USD 947.6 million compared with USD 1.02 billion a year ago.
In October 2016 Molson Coors completed its transaction to buy SABMiller’s 58 percent stake in the MillerCoors venture, making it now the sole owner. Molson Coors did not consolidate MillerCoors’ full figures as the latest quarter ended before the transaction closed.
