Molson Coors Increases 2015 Underlying Free Cash Flow Guidance - Quick Facts

(RTTNews) - Molson Coors Brewing Company (TAP, TPX.TO) announced, on a U.S. GAAP basis, the company expects to report net income from continuing operations attributable to MCBC of approximately $28 million to $38 million, or $0.15 to $0.21 per share, for the fourth quarter. On a non-GAAP basis, the company expects underlying after-tax income of approximately $85 million to $95 million, or $0.46 to $0.52 per share.

The company estimates fourth quarter net sales to be approximately $830 million to $860 million, down from a year ago, primarily due to unfavorable foreign currency movements.

For full year 2015, the company updated its previously issued underlying free cash flow guidance to a range of $690 million to $720 million. Previous guidance was for underlying free cash flow of $550 million to $605 million for the year.