Molson Coors publishes Q3 2026 earnings call transcript
TAP•Molson Coors cut its 2026 guidance, forecasting underlying pretax profit to decline 21%-24%, underlying EPS to fall 16%-19% and constant-currency net sales revenue to decline 1%-2%. Underlying free cash flow guidance fell to $1 billion, plus or minus 10%.
1. Guidance lowered
Molson Coors cut its 2026 guidance during its November 5 third-quarter earnings call. It now expects underlying pretax profit to decline 21%-24%, underlying EPS to drop 16%-19% and net sales revenue to decline 1%-2% in constant currency, compared with its previous forecast of flat, plus or minus 1%.
2. Costs and cash flow
Underlying free cash flow guidance fell to $1 billion, plus or minus 10%, from $1.1 billion with the same tolerance. Management expects inflationary pressures to continue into 2027, and forecasts Midwest Premium costs alone to rise $130 million this year.
