TAP · 8-K · 20260806PR000070
Guidance and Outlook
MOLSON COORS BEVERAGE CO · 2026-08-06 · Importance 79 · Surprise 76 · Contradicted
Molson Coors reaffirmed its full-year 2026 outlook despite inflationary commodity and logistics costs and uncertainty in the global macroeconomic environment. It expects constant-currency net sales to be flat, plus or minus 1%, while underlying pretax income declines 15% to 18% and underlying earnings per share declines 11% to 15%. The company forecasts $650 million of capital expenditures, plus or minus 5%, and underlying free cash flow of $1.1 billion, plus or minus 10%. It also expects $260 million of consolidated net interest expense, plus or minus 5%, and a 22% to 24% underlying effective tax rate.
Key facts
- For the full year 2026, the Company continues to expect net sales to be flat, plus or minus 1% versus 2025 on a constant currency basis. source
- For full year 2026, the Company expects underlying income before income taxes to decline in the range of 15% to 18% versus 2025 on a constant currency basis. source
- For full year 2026, the Company expects underlying earnings per share to decline in the range of 11% to 15% versus 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | -8.3% | For full year 2026, the Company expects underlying income before income taxes to decline in the range of 15% to 18% versus 2025 on a… |
| net_income | negative | probable | -6.5% | For full year 2026, the Company expects underlying earnings per share to decline in the range of 11% to 15% versus 2025. |
| revenue | mixed | probable | 0.0% | For the full year 2026, the Company continues to expect net sales to be flat, plus or minus 1% versus 2025 on a constant currency basis. |