TAP•Molson Coors lowered its 2026 underlying diluted EPS outlook to a 16%-19% decline, from 11%-15%, and cut its net sales and free cash flow forecasts. It now expects underlying pretax income to fall 21%-24%.
Molson Coors cut its 2026 net sales outlook to a 1%-2% constant-currency decline, from roughly flat. It now forecasts underlying pretax income to fall 21%-24% in constant currency, compared with a prior forecast for a 15%-18% decline, and underlying free cash flow of $1 billion, plus or minus 10%, down from $1.1 billion with the same range. The outlook assumes persistent beer-market weakness and U.K. promotional pressure; Midwest Premium costs are expected to rise approximately $130 million.
