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Sales in the quarter, excluding excise taxes, fell 7.3% to $853.7 million, but came in ahead of consensus estimates of $837.0 million.
The company said total worldwide beer volume fell 2.9%.
Peter Swinburn, Molson Coors president and chief executive officer, said,
"In the fourth quarter, incremental investments related to these efforts will be most significant in our Canada, U.S. and international businesses. These investments are consistent with our brand-led global strategies, and we expect them to drive top-line and bottom-line growth as we move into 2010."
Write to Chip Brian at cbrian@tradethetrend.com
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