Decline in turnover and profits for Molson Coors

Recul du chiffre d’affaires et des profits de Molson Coors

MONTREAL – revenues and profits have declined at Molson Coors for the second quarter of its fiscal year, assigned as a several companies by the pandemic.

For the quarter ended at the end of June, the brewer has reported a profit decline of 40.8 %, to $ 195 million US. Per share, fully diluted, they are awarded US $ 1.52 at the end of June 2019 to US $ 0.90 at the end of last June.

The income of the giant have also declined by 15.1 % to 2,503 billion US$, compared to 2,948 billion US, the year before.

In spite of everything, the president and chief executive officer of Molson Coors, Gavin Hattersley, has said that he is satisfied with these figures in a press release, saying that his company had arrived to meet the targets set during the pandemic.

The latter has also emphasized how the health crisis has put a strain on the supply chain of the company and the availability of the packaging, in this case with the application of aluminum.

“Our supply chain continues to work diligently to ensure a sufficient supply of these brands and packaging are in high demand so that we can adapt to this dynamic of consumption changing,” added Mr. Hattersley.

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