Molson Coors Tapped Out on Global Growth
It wasn't a good sign when Molson Coors (NYSE: TAP) hiked its dividend 57% ahead of its second-quarter earnings release, because a massive increase like that could only herald disappointing results. On that basis the brewer did deliver.
Unlike Anheuser-Busch InBev (NYSE: BUD), which posted sales and volume increases in most foreign markets, helping to boost revenue and earnings and sending its stock soaring, Molson couldn't produce growth anywhere. Sales and volumes fell in the U.S., Canada, Europe, and the rest of its international markets, which it blamed on a combination of bad weather, worsening industry trends, and lapping last year's World Cup event.
Let's take a look at where it all went wrong for the brewer.
Quelle Fool.com
