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News Breaks
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February 9, 2010
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| 12:03 EDT |  | TAP |
| theflyonthewall.com: | Molson Coors to focus on brand and cash building, cost reductions in FY10 | | Molson Coors (TAP) reported mixed Q4 results, missing EPS but beating revenue targets. Going forward, the company expects consumer demand to remain weak, especially in the near term. In FY10, CEO Peter Swinburn expects the company to focus on brand development and innovation. Strengthening the balance sheet, and reducing costs to prepare for the eventual economic recovery remain top priorities. To this end, advertising and marketing initiatives in all product lines will be increased to capture additional market share. In addition, new IT systems will be implemented to drive efficiency in future years. FY10 CapEx is pegged at $150M. Swinburn sees weak volume in the first half of FY10. However, he feels the company is in a much stronger position than a year ago, and is well positioned to take advantage of any economic recovery. These comments were made on Molson Coors Q4 earnings conference call. :theflyonthewall.com |
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February 7, 2012
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| 07:29 EDT |  | TAP |
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