Molson Coors Brewing Co. announced its first-quarter results Tuesday. Here's a look at how it did by business unit:
CANADA: Pretax income in decreased 3.2 percent to $54.4 million as higher prices and cost controls were offset by sales volume decline and higher prices for ingredients and other costs.
U.S.: Pretax income increased 7.6 percent to $101.8 million in the quarter, due to strong results at MillerCoors, its joint venture with fellow brewer SAB Miller that sells both companies' brands in the U.S.
U.K.: Pretax income more than doubled to $4.6 million in the quarter, driven by a decrease in pension expenses and higher pricing, partly offset by lower volumes and higher costs.