Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
-1.59%
$41.73
0% positive prob.
5-Day Prediction
-2.39%
$41.40
0% positive prob.
20-Day Prediction
-5.72%
$39.98
0% positive prob.
SEC 8-K filings with transcript text
Aug 6, 2026 · 100% conf.
1D
-1.59%
$41.73
Act: +2.26%
5D
-2.39%
$41.40
Act: -0.67%
20D
-5.72%
$39.98
2 tapex99120260630-earningsr.htm
Document
Molson Coors Beverage Company Reports 2026 Second Quarter Results ______________________________________________________________
Golden, Colorado and Montréal, Québec – August 6, 2026 – Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) today reported results for the 2026 second quarter.
•Net sales decreased 3.3% reported and 3.6% in constant currency.
•U.S. GAAP income before income taxes decreased 49.0% to $283.1 million.
•Underlying (Non-GAAP) income before income taxes decreased 27.8% in constant currency to $383.2 million.
•U.S. GAAP net income attributable to MCBC of $231.7 million, $1.23 earnings per share on a diluted basis. Underlying (Non-GAAP) diluted earnings per share of $1.58 decreased 22.9%.
Rahul Goyal, President and Chief Executive Officer Statement:
"We made progress on key aspects of the Horizon 2030 strategy in the second quarter as we navigated heightened global macroeconomic headwinds that affected both consumer behavior and key input costs in our business. Coors Banquet and Peroni continue to perform well, and we're focused on improving our overall share performance in this competitive environment through ongoing, disciplined execution. As we lean into emerging consumer tastes in flavor and beyond beer, we’re encouraged by Fever-Tree’s continued momentum after more than a year of partnership, and Monaco Cocktails delivered strong performance in its first quarter as part of Molson Coors. Our approach for the balance of the year includes prudent investments designed to drive scale and efficiency across our global portfolio while executing against our cost savings plan to mitigate the impacts of persistent macroeconomic volatility."
Tracey Joubert, Chief Financial Officer Statement:
"Our second quarter financial results largely matched our expectations as we managed through both expected and unanticipated headwinds that weighed on our top and bottom lines. Further progress on our cost savings initiatives partially offset ongoing commodity cost inflation and the impact of lower financial volumes. We are reaffirming our full-year guidance. In the second quarter, we deployed capital toward value-added M&A in support of our Horizon 2030 strategy, enhanced financial flexibility through a series of debt refinancing transactions, and returned capital to shareholders through both dividends and share buybacks. These actions reflect our disciplined approach to balancing our capital allocation priorities.”
1 See Appendix for definitions and reconciliations of non-GAAP financial measures including constant currency.
1
For the three months ended
($ in millions, except per share data)
(Unaudited) June 30, 2026June 30, 2025 Reported % Change Foreign Exchange Impact Constant Currency Increase (Decrease)(1)
Net sales$3,096.5 $3,200.8 (3.3)%$10.4 (3.6)%
U.S. GAAP income (loss) before income taxes$283.1 $554.9 (49.0)%$(0.4)(48.9)%
Underlying income (loss) before income taxes(1) $383.2 $531.5 (27.9)%$(0.8)(27.8)%
U.S. GAAP net income (loss)(2) $231.7 $428.7 (46.0)%
Per diluted share$1.23 $2.13 (42.3)%
Underlying net income (loss)(1) $296.6 $412.3 (28.1)%
Per diluted share$1.58 $2.05 (22.9)%
Financial volume(3) 19.73420.870(5.4)%
Brand volume(3) 19.62820.612(4.8)%
For the six months ended
($ in millions, except per share data)
(Unaudited) June 30, 2026June 30, 2025Reported Increase (Decrease)Foreign Exchange Impact Constant Currency Increase (Decrease)(1)
Net sales$5,447.6 $5,504.9 (1.0)%$55.6 (2.1)%
U.S. GAAP income (loss) before income taxes$477.8 $711.2 (32.8)%$(5.0)(32.1)%
Underlying income (loss) before income taxes(1) $531.1 $662.6 (19.8)%$(5.3)(19.0)%
U.S. GAAP net income (loss)(2) $383.0 $549.7 (30.3)%
Per diluted share$2.03 $2.71 (25.1)%
Underlying net income (loss)(1) $414.1 $514.0 (19.4)%
Per diluted share$2.20 $2.54 (13.4)%
Financial volume(3) 34.69836.279(4.4)%
Brand volume(3) 34.69636.159(4.0)%
(1)Represents income (loss) before income taxes and net income (loss) attributable to MCBC adjusted for non-GAAP items. See Appendix for definitions and reconciliations of non-GAAP financial measures including constant currency.
(2)Net income (loss) attributable to MCBC.
(3)See Worldwide and Segment Brand and Financial Volume in the Appendix for definitions of financial volume and brand volume as well as the reconciliation from financial volume to brand volume. Volume presented in millions of hectoliters.
•Net sales: The following table highlights the drivers of the change in net sales for the three months ended June 30, 2026, compared to June 30, 2025 (in percentages):
Net Sales Drivers (unaudited)
Financial volume(5.4)%
Price and sales mix1.8 %
Apr 30, 2026
2 tapex99120260331-earningsr.htm
Document
Molson Coors Beverage Company Reports 2026 First Quarter Results ______________________________________________________________
Golden, Colorado and Montréal, Québec – April 30, 2026 – Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) today reported results for the 2026 first quarter.
•Net sales increased 2.0% reported and 0.1% in constant currency.
•U.S. GAAP income before income taxes increased 24.6% to $194.7 million.
•Underlying (Non-GAAP) income before income taxes increased 16.2% in constant currency to $147.9 million.
•U.S. GAAP net income attributable to MCBC of $151.3 million, $0.80 earnings per share on a diluted basis. Underlying (Non-GAAP) diluted earnings per share of $0.62 increased 24.0%.
Rahul Goyal, President and Chief Executive Officer Statement:
"We delivered a solid start to the year while executing our strategy in a dynamic external environment with limited near-term visibility. Under Horizon 2030, we said we'd take decisive action to strengthen our business, and we did just that in the first quarter, announcing the acquisition of Monaco Cocktails, closing a key portfolio gap through a disciplined approach and expanding our share-repurchase program to reinforce confidence in our long-term value. As we head into summer, we recognize the external environment remains fluid and plan to approach the season's most important occasions with scale and impact across our global portfolio, while continuing to focus on returning Molson Coors to sustained growth."
Tracey Joubert, Chief Financial Officer Statement:
"Our first quarter financial results were largely in line with our expectations as we navigated through a challenging macroeconomic environment. Expected phasing considerations in marketing, general and administrative expenses as well as delivery on our cost savings initiatives positively impacted our results, outweighing commodity cost inflation and lower financial volumes. Based on these results, we are reaffirming our full year guidance metrics. We remain disciplined in capital deployment and are committed to driving shareholder value through investing in our business while continuing to return cash to shareholders through a growing dividend and share repurchases.”
1 See Appendix for definitions and reconciliations of non-GAAP financial measures including constant currency.
1
For the three months ended
($ in millions, except per share data)
(Unaudited) March 31, 2026March 31, 2025 Reported % Change Foreign Exchange Impact Constant Currency Increase (Decrease)(1)
Net sales$2,351.1 $2,304.1 2.0 %$45.2 0.1 %
U.S. GAAP income (loss) before income taxes$194.7 $156.3 24.6 %$(4.6)27.5 %
Underlying income (loss) before income taxes(1) $147.9 $131.1 12.8 %$(4.5)16.2 %
U.S. GAAP net income (loss)(2) $151.3 $121.0 25.0 %
Per diluted share$0.80 $0.59 35.6 %
Underlying net income (loss)(1) $117.5 $101.7 15.5 %
Per diluted share$0.62 $0.50 24.0 %
Financial volume(3) 14.96415.409(2.9)%
Brand volume(3) 15.06815.547(3.1)%
(1)Represents income (loss) before income taxes and net income (loss) attributable to MCBC adjusted for non-GAAP items. See Appendix for definitions and reconciliations of non-GAAP financial measures including constant currency.
(2)Net income (loss) attributable to MCBC.
(3)See Worldwide and Segment Brand and Financial Volume in the Appendix for definitions of financial volume and brand volume as well as the reconciliation from financial volume to brand volume. Volume presented in millions of hectoliters.
•Net sales: The following table highlights the drivers of the change in net sales for the three months ended March 31, 2026, compared to March 31, 2025 (in percentages):
Net Sales Drivers (unaudited)
Financial volume(2.9)%
Price and sales mix3.0 %
Currency1.9 %
Total consolidated net sales2.0 %
Net sales increased 2.0%, driven by favorable price and sales mix and favorable foreign currency impacts, partially offset by lower financial volume. Net sales increased 0.1% in constant currency.
Financial volume decreased 2.9%, due to lower shipments in both the Americas and EMEA&APAC segments. Brand volumes decreased 3.1%, including a 3.0% decrease in the Americas segment as well as a 3.4% decrease in the EMEA&APAC segment.
Price and sales mix favorably impacted net sales by 3.0%, primarily due to favorable sales mix as a result of premiumization in both the Americas and EMEA&APAC segments and increased net pricing in the Americas segment. Net sales per hectoliter increased 5.1% reported and 3.1% on a constant currency basis.
2
•Cost of goods sold ("COGS"): was flat on a reported basis, impacted by higher cost of goods sold per hectoliter
Feb 18, 2026
2 tm266541d1_ex99-1.htm
Exhibit 99.1
Molson Coors Beverage Company Reports 2025 Fourth Quarter and Full Year Results
Golden, Colorado and Montréal, Québec – February 18, 2026 – Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) today reported results for the 2025 fourth quarter and full year.
·Net sales decreased 2.7% reported and 4.0% in constant currency.
·U.S. GAAP income before income taxes decreased 23.1% to $266.3 million.
·Underlying (Non-GAAP) income before income taxes was $296.8 million, a decrease of 13.8% in constant currency.
·U.S. GAAP net income attributable to MCBC of $238.3 million, $1.22 income per share on a diluted basis. Underlying (Non-GAAP) diluted income per share of $1.21 decreased 6.9%.
·Net sales decreased 4.2% reported and 4.8% in constant currency.
·U.S. GAAP loss before income taxes of $2,518.0 million decreased $4,021.0 million from income before income taxes in the prior year largely driven by a $3,645.7 million non-cash partial goodwill impairment charge as well as $273.9 million non-cash intangible asset impairment charges recorded in the third quarter of 2025.
·Underlying (Non-GAAP) income before income taxes was $1,385.4 million, a decrease of 14.7% in constant currency.
·U.S. GAAP net loss attributable to MCBC of $2,139.6 million, $10.75 loss per share on a diluted basis. Underlying (Non-GAAP) diluted income per share of $5.42 decreased 9.1%.
·Net cash provided by operating activities of $1,784.4 million and Underlying (Non-GAAP) Free Cash Flow of $1,141.4 million.
1 See Appendix for definitions and reconciliations of non-GAAP financial measures including constant currency.
1
Rahul Goyal, President and Chief Executive Officer Statement:
“Despite a number of macroeconomic issues impacting our industry and our category, we navigated a tough year to protect and deliver on our revised bottom-line expectations while narrowly missing our top-line guidance. We have a solid platform with our brands, infrastructure and people, and a strong balance sheet to weather this macro volatility. We made the necessary difficult decisions in our business to course correct and set ourselves up for the future. Our iconic brands resonate with consumers, and we are excited about our plans to unite people around our portfolio."
Tracey Joubert, Chief Financial Officer Statement:
“We are proud of our resilience and the financial discipline we delivered amidst a tough 2025 macro environment, with challenging industry dynamics and rising commodity input costs pressuring our bottom-line results. While we expect our top-line trends to improve in 2026, we expect commodity inflation in particular to be a meaningful headwind in 2026, which we do not believe is reflective of longer-term performance. Our balance sheet remains strong, with our net debt to underlying EBITDA ratio below our target of 2.5 times. Our solid cash generation has allowed us to return cash to shareholders via a growing dividend and share repurchase program, while investing in our brands and capabilities to position us well for future growth."
For the three months ended
($ in millions, except per share data)
(Unaudited)
December 31,
2025
December 31,
2024
Reported
Increase
(Decrease)
Foreign
Exchange
Impact
Constant
Currency
Increase
(Decrease)(1)
Net sales $ 2,662.4
$ 2,735.6
(2.7)%
$ 35.4
(4.0)%
GAAP income (loss) before income taxes $ 266.3
$ 346.3
(23.1)%
$ 2.4
(23.8)%
Underlying income (loss) before income taxes(1) $ 296.8
$ 341.0
(13.0)%
$ 2.8
(13.8)%
GAAP net income (loss)(2) $ 238.3
$ 287.8
(17.2)%
Per diluted share $ 1.22
$ 1.39
(12.2)%
Underlying net income (loss)(1) $ 237.2
$ 268.6
(11.7)%
Per diluted share $ 1.21
$ 1.30
(6.9)%
Financial volume(3) 17.146
18.585
(7.7)%
Brand volume(3) 18.028
18.870
(4.5)%
2
For the years ended
($ in millions, except per share data)
(Unaudited)
December 31,
2025
December 31,
2024
Reported
Increase
(Decrease)
Foreign
Exchange
Impact
Constant
Currency
Increase
(Decrease)(1)
Net sales $ 11,140.8
$ 11,627.0
(4.2)%
$ 77.6
(4.8)%
GAAP income (loss) before income taxes $ (2,518.0)
$ 1,503.0
N/M
$ (2.5)
N/M
Underlying income (loss) before income taxes(1) $ 1,385.4
$ 1,610.5
(14.0)%
$ 11.4
(14.7)%
GAAP net income (loss)(2) $ (2,139.6)
$ 1,122.4
N/M
Per diluted share $ (10.75)
$ 5.35
N/M
Underlying net income (loss)(1) $ 1,082.0
$ 1,250.0
(13.4)%
Per diluted share(4) $ 5.42
$ 5.96
(9.1)%
Financial volume(3) 72.810
79.618
(8.6)%
Brand volume(3) 74.553
78.816
(5.4)%
N/M = Not meaningful
(1)Represents income (loss) before income taxes and net income (loss) attributable to MCBC adjusted for non-GAAP items. Se
This page provides Molson Coors Beverage Company Class B (TAP) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on TAP's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.