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Molson Coors Q3 sales slightly misses estimates; cuts outlook

By Reuters News


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


Reuters Recommended Reads

  • Nov 4 - Coca-Cola Consolidated Q3 sales rise as costs weigh on margins

  • Nov 3 - Keurig Dr Pepper Q3 revenue, profit beat estimates

  • Nov 5 - Celsius Holdings Q3 revenue beats estimates on Alani Nu growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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