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Consumers bought less beer made by Molson Coors in its third quarter, but profit rose 37 percent because of price increases and cost savings from the company's joint venture in the U.S.
BURTON-UPON-TRENT, England - Beer is no longer king in this English city — and it's just as well.
A man convicted in the 1960 slaying of the Coors brewery founder's grandson, one of Colorado's most notorious cases, has died of an apparent self-inflicted gunshot.
Cost cuts and price increases that stuck helped brewer Molson Coors report its second-quarter profit doubled Monday, beating analyst expectations, even as consumers continued to limit their spending or trade down to cheaper brews.
Molson Coors Brewing Co. said Tuesday its first-quarter profit more than doubled, though sales of its beers fell in its stronghold of Britain and stagnated in Canada. In the U.S., profits rose in its MillerCoors joint venture, even as sales of flagship Miller Lite continued to fall.
Molson Coors Brewing Co. reports earnings for the first quarter on Tuesday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
Here are details of how Molson Coors and MillerCoors, its joint venture with SABMiller's U.S. unit, fared in the most recent quarter:
Molson Coors Brewing Co. posted a 28 percent increase in third-quarter profit and gained market share in the sluggish British beer market, while in North America it started to realize cost savings from its MillerCoors joint venture.
Brewer Molson Coors says its third-quarter profit rose 28 percent, but that result missed analysts' expectations.
A look at how Molson Coors Brewing Co. performed in its three biggest markets in the three-month period ending in June:
Soaring costs for fuel, grains and packaging, along with consumers pulling back their spending, pushed Molson Coors Brewing Co.'s profit down 56 percent in the second quarter, the company said Tuesday.
Molson Coors Brewing Co., the No. 3 beer producer in the United States, will continue to be a fixture at Coors Field in Denver for at least the next decade.
SABMiller PLC, parent company of Miller Brewing Co., and Molson Coors Brewing Co. took another step toward combining their U.S. beer operations, saying Friday they had signed a definitive agreement for the deal which still requires regulatory clearance.
Beer giant Molson Coors Brewing Co. on Tuesday reported a dip in third-quarter net income because of one-time charges that offset a 7 percent increase in sales.
The nation's second and third-largest brewers, Miller and Coors, are planning to blend their U.S. operations to help them compete in a struggling U.S. industry and against its leader, Anheuser-Busch.
Molson Coors Brewing Co., one of the world's largest brewers, said Tuesday its second-quarter profit rose 18 percent fueled by strong sales of Coors Light in the U.S. and Canada.
Beer executive Pete Coors pleaded guilty Friday to driving while impaired, a lesser charge than the DUI count filed against him after his May arrest, and was sentenced to 24 hours of community service.
Beer baron Peter Coors' driver's license has been revoked by a hearing officer who ruled the executive had been driving under the influence of alcohol, officials said.
Beer: Price hikes, price fixing Beer prices are rising, and "just in time for football season," said David Schepp in DailyFinance. Anheuser-Busch InBev, the maker of Budweiser and the world's largest brewer, and No.
The Long, Slow, Torturous Death of ZimaThere are a million ways to slight a rival's manhood, but to suggest that he enjoys Zima is one of the worst.
Beer-fueled cars provide transportation for the DNCOrganizers for the Democratic National Convention want it to be the "greenest" convention ever, so they've contacted the Molson Coors Brewing Company for help.
Coors Brewery Shortening and Automating ToursThe Coors Brewery in Golden, Co is shortening its tour and making it self-guided with audio.
Thinking Outside the Bottle: Beer entrepreneurs quench the thirst of increasingly savvy consumersOnce upon a time, beer drinkers only had three major choices when looking to pop a cold one: Budweiser, Miller and Coors. Now the market is flooded with imports, seasonal brews and variations of the old classics.
A Strange Brew From Molson, SABMiller - Forbes.comMolson Coors and SABMiller shook up the brewing industry Tuesday, announcing that they will combine their U.S. brewing operations to better compete with industry leader Anheuser-Busch.
Miller, Coors to combine U.S. operationsMiller Brewing Co. and Coors Brewing Co., the nation's second- and third-largest brewers, are combining their operations, creating a bigger challenger to Anheuser-Busch Cos. - but also raising the possibility of future job cuts at Miller's Milwaukee headquarters.
Runaway train full of cheap beer spills load in Denver. Frat boys rejoice.A string of runaway rail cars spilled beer in downtown Denver Wednesday after they crashed into a parked locomotive and derailed. No one was hurt, and frat boys everywhere rejoiced as they rushed onto the scene...
New Grolsch Wheat Beer to be Rolled Outin U.K.Coors is taking on rivals S&NUK and InBev in the wheat beer market with a new Grolsch extension. Grolsch Weizen is a 5.3% abv beer brewed in Holland and is being rolled out initially in London with a view to going national this year. From March the brew will be available in Man …
Desert Aged for 50 Years: Hikers Find Ultra-Rare Hyper-Aged Coors Not So RefreshingDesert hikers stumbled across a cache of Coors that has been aging in the desert for 50 years.
Pete Coors Cited For DUIPete Coors, of the Coors Brewing Company, was cited for a DUI Thursday night after rolling through a stop sign near his home. His BAC was .088. The Colorado DUI level is .08. Seeder's Note: I didn't even know it was possible to get drunk off of Coors!
DenverPost.com - Pete Coors arrested for DUIGotta believe in your product, right? Pete surely does.
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