Molson Coors Beverage Co. reported a decrease of 3.1% in the third quarter of fiscal 2020, driven by the continued on-premise restrictions from the Covid-19 pandemic.
Net sales for the third quarter of $2.75 billion, compared with $2.84 billion in the third quarter of fiscal 2019. The company reported net income of $350.8 million.
The two top brands for the brewer, Coors Light and Miller Lite grew 6% and 9.5% respectively in off-premise U.S. sales.
More details here.
You can listen to a transcript of the third quarter investor conference call here.