Molson Coors Q3 sales slightly miss estimates; cuts outlook
TAP•Molson Coors reported Q3 net sales of $2.93 billion, slightly below the $2.94 billion estimate, while adjusted EPS of $1.46 beat estimates. It cut its 2026 outlook, forecasting net sales down 1% to 2% and underlying EPS down 16% to 19%.
1. Quarterly results
Q3 net sales fell 1.6% to $2.93 billion, slightly missing analyst expectations. Adjusted EPS was $1.46, above the $1.45 estimate; net income was $271.5 million.
2. Lower 2026 outlook
Molson Coors now expects 2026 net sales to decline 1% to 2% in constant currency. It forecasts underlying income before taxes to fall 21% to 24% from 2025 and underlying EPS to decline 16% to 19%.
3. Drivers of sales decline
The company said lower financial volume and unfavorable foreign currency impacts drove the Q3 net sales decline. Higher net pricing in the Americas and premiumization in EMEA and APAC partly offset volume declines, while higher materials, logistics and manufacturing costs weighed on results.
