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Home > Fortune 500 Companies > Molson Coors Brewing Co.
Molson Coors Brewing Co.
Molson Coors Brewing Co. is a publicly traded company having a good stock performance result trading under TAP. Molson Coors Brewing Co. is a fortune 500 stock listed company.
Molson Coors Brewing Co. was previously known as Adolph Coors Company. The company was established in 1873 and is based in Montreal, Canada. Molson Coors. The Company engages in the production and marketing of beers. The company produces, markets, and sells the Coors portfolio of brands in the United States and its territories through Coors Brewing Company. Its brands include Coors Light, Coors, Coors Non Alcoholic, George Killian's Irish Red Lager, Keystone, Keystone Light, Keystone Ice, Blue Moon Belgian White Ale, Extra Gold, Zima XXX, Aspen Edge and Mexicali. The company also sells Grolsch in the United Kingdom and Republic of Ireland through a joint venture. Mr. Kiely served as Chief Executive Officer of Coors from July 2002 to February 2005.
Ms. Brewer is gifted senior executive within the Kimberly-Clark Corporation, a leading global health and hygiene company, providing personal care, consumer tissue, away-from-home and health care products. She is currently President of the Global Nonwovens sector having global oversight for operations, manufacturing, technology and R&D. The Nonwovens unit produces synthetic materials for use in many of Kimberly-Clark's personal and health care products.
For the 52-week fiscal year ended December 25, 2005, the company reported pro forma net sales of 5.61 billion dollars and sales volume of 41.2 million barrels, from continuing operations. Pro forma net income in 2005 was 93.4 million dollars. For the 13-week fourth quarter ended December 25, 2005, the company reported net sales of 1.38 billion dollars and sales volume of 10.3 million barrels, from continuing operations in Canada, U.S. and Europe. Fourth quarter 2005 consolidated net income was 22.4 million dollars. After tax income from continuing operations, excluding special items was 53.9 million dollars, down 34.1 percent from the pro forma fourth quarter 2004.
The company’s effective tax rate for the fourth quarter 2005 was 36.9 percent, or 36.4 percent for income from continuing operations, excluding special items. For the full year 2005, the company’s effective tax rate was 17.0 percent, or 22.0 percent for income from continuing operations, excluding special items.
With the past performance of the company in mind and the expertise and dedication of the management and staff the company is expected go to far greater heights in the near future.
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