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Actionable news in TAP: MOLSON COORS BREWING COMPANY CLASS B,

Molson Coors (TAP) Lags Q2 Earnings; Sales Beats Estimates

Molson Coors Brewing Company TAP is the third largest global brewer in the world. This global manufacturer and seller of beer and other beverage products has an impressive portfolio of more than 65 leading beer brands.

Continued difficult economy and competitive pressure, along with lower volumes and significant unfavorable foreign currency are the major headwinds affecting the company. The company has also been posting declining sales volume in its major markets - Canada, the U.S. and Europe. The company is therefore focusing on improved marketing strategies for beers and targeting the above-premium brands to boost market share. The company’s acquisition of the remaining stake in MillerCoors, cost savings efforts and marketing investments are encouraging, which might bring profit to its investors.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 and 2018 have...


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