Molson Coors Beverage Company is a global entity engaged in the production, marketing, and sale of a diverse range of beer and ...
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$1.90 per share
Est. EPS $1.48 · Revenue $2.96B · 11 analysts
Est. EPS $1.04 · Revenue $2.67B · 11 analysts
Est. EPS $4.72 · Revenue $11.07B · 12 analysts
$1.90 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $11.1B | -4.2% | +31.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-2.1B | -290.6% | +53.1% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +37.6% | -3.6% | -10.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -21.0% | -239.3% | -2.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -19.2% | -298.9% | +16.3% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $1.1B | -13.6% | +411.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +9.6% | -9.9% | +336.7% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 61.6% | +30.2% | +22.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.55x | -40.9% | +64.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $22.7B | -12.8% | +8.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -10.85 vs 5.38 | -301.8% | 1.23 vs 1.48 | -16.8% |
| Revenue Surprise | $11.1B vs $11.2B | -0.4% | $3.1B vs $3.0B | +4.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | Cocks Christian P | director | Class B Common Stock | A | 738 | — |
| Jun 30, 2026 | HERINGTON CHARLES M | director | Class B Common Stock | A | 369 | — |
| May 21, 2026 | Molson Geoffrey E. | director | Class B Common Stock | D | 1,245 | $42.50 |
| May 18, 2026 | Riley H Sanford | director | Class B Common Stock | D | 1,345 | $41.68 |
| May 18, 2026 | O'Sullivan Nessa | director | Class B Common Stock | D | 610 | $41.68 |
Operator: Good morning, and welcome to the Molson Coors Beverage Company Second Quarter Fiscal Year 2026 Earnings Conference Call. Now I'll turn over to Barbara Noverini, Vice President of Investor Relations. Barbara Noverini: Thank you, operator. I'm pleased to introduce myself as Molson Coors' new Vice President of Investor Relations. Our earnings release and presentation materials are available on the Investor Relations section of our website. Today's discussion includes forward-looking statements within the meaning of U.S. federal securities laws. Please refer to our earnings release and our most recent SEC filings for important information regarding these statements, including risk factors as well as definitions of and reconciliations to any non-GAAP measures. Actual results may differ materially from our expectations, and we undertake no obligation to update forward-looking statements, except as required by applicable laws. Today, we'll focus our prepared remarks on our performance and outlook before opening the line for Q&A. [Operator Instructions] Any technical questions can be addressed with our Investor Relations team following the call. Unless otherwise indicated, all financial results are comparable prior year period and are in U.S. dollars. With the exception of earnings per share, all financial metrics are in constant currency when referencing percentage changes from the prior year period. Also, share data references are sourced from Circana in the U.S. unless otherwise indicated. Our remarks today will also reference underlying pretax income, which equates to underlying income before income taxes and underlying earnings per share, which equates to underlying diluted earnings per share as defined in our earnings release. With that, I will hand it over to Rahul. Rahul Goyal: Thank you, Barb. Welcome to Molson Coors, and hello to everyone on the call. Today, we're joining you from Golden, Colorado, the home of Coors. Now since the launch of our Horizon 2030 strategy in Q1, I've been visiting with employees, distributors and customers across our footprint to discuss our strategy, our early progress and any gaps that require quick action. Before I begin, let me take a moment to thank our dedicated employees here in Golden and across the globe for their commitment behind our Horizon 2030 strategy. Now let's start with the category. While the U.S. beer industry began the year on relative solid footing, the unanticipated energy and inflation shock associated with the conflict in Iran demonstrated how quickly global consumer sentiment and behavior can shift. In the second quarter, prices at the gas pump peaked in May, hitting certain U.S. regions, especially hard. At the same time, geopolitical uncertainty weighed on consumer confidence and spending behavior in EMEA and APAC. These external factors contributed to our volume performance across our markets in the second quarter. In addition, in EMEA and APAC, heightened promotional activity …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Tracey I. Joubert | Chief Financial Officer | USD 1,165,600 | Female | 1967 | Active |
Rahul Goyal | President, Chief Executive Officer and Director | USD 810,874 | Male | 1977 | Active |
Natalie Maciolek | Chief Legal, Communications, & Government Affairs Officer and Secretary | USD 806,701 | Female | 1979 | Active |
Philip Mark Whitehead | President and Chief Executive Officer of Molson Coors EMEA & APAC (Leave of Absence) | USD 716,668 | Male | 1977 | Active |
Darrin Vohs | Chief Information Officer | USD 584,356 | Male | 1966 | Active |
Sofia Colucci | Chief Marketing Officer | — | Female | — | Active |
Barbara Margaret Noverini | Vice President of Investor Relations | — | Female | — | Active |
Roxanne Stelter | Vice President, Controller, Chief Accounting Officer & Principal Accounting Officer | — | Female | 1977 | Active |
Brian Erhardt | Chief Supply Chain Officer of Molson Coors North America | — | Male | — | Active |
Dave Osswald | Chief People & Culture Officer | — | Male | — | Active |
Greg Tierney | Vice President of Commercial Finance, FP&A and Investor Relations | — | Male | — | Active |
Brian Feiro | President of U.S. Sales | — | Male | — | Active |
Molson Coors Beverage (NYSE: TAP) reaffirmed its fiscal 2026 outlook despite a weaker second quarter marked by declining sales, lower profit and persistent inflationary pressures, as the brewer cited volatile consumer behavior and intense competition in several markets. On a constant-currency basis, second-quarter net sales revenue fell 3.6% from the prior year, underlying pretax income declined
Molson Coors Beverage NYSE: TAP reaffirmed its fiscal 2026 outlook despite a weaker second quarter marked by declining sales, lower profit and persistent inflationary pressures, as the brewer cited volatile consumer behavior and intense competition in several markets.
TAP beats Q2 estimates as pricing and cost savings offset weaker volumes, while management reaffirms its 2026 outlook.
Buffeted by some strong headwinds in its business, the company nevertheless beat on both the top and bottom lines in its second quarter. It also maintained its full-year guidance.
Molson Coors Beverage Company (TAP) Q2 2026 Earnings Call Transcript
