Molson Coors Q3 sales slightly misses estimates; cuts outlook
Overview
U.S. beverage maker's Q3 net sales fell 1.6%, slightly missing analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company cut 2026 outlook, now sees steeper declines in sales and earnings
Outlook
Company now expects 2026 net sales to decline 1% to 2% in constant currency
Company forecasts 2026 underlying income before taxes to fall 21% to 24% from 2025
Molson Coors sees 2026 underlying EPS down 16% to 19% from 2025
Result Drivers
LOWER VOLUME - Co said Q3 net sales decline was driven by lower financial volume and unfavorable foreign currency impacts
PRICING AND MIX - Higher net pricing in the Americas and premiumization in EMEA&APAC partly offset volume declines
COST INFLATION - Higher materials, logistics and manufacturing costs, including Midwest Premium pricing, weighed on results
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Slight Miss* | $2.93 bln | $2.94 bln (15 Analysts) |
Q3 Adjusted EPS | Beat | $1.46 | $1.45 (16 Analysts) |
Q3 EPS | $1.45 | ||
Q3 Adjusted Net Income | $272.20 mln | ||
Q3 Net Income | $271.50 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 12 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the brewers peer group is "buy."
Wall Street's median 12-month price target for Molson Coors Beverage Company is $44.00, about 2% above its November 4 closing price of $43.14
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)