TAP · 8-K · 20260806PR000070

Operating Income and Margins

MOLSON COORS BEVERAGE CO · 2026-08-06 · Importance 58 · Surprise 56 · No source text

Second-quarter operating income decreased 43.1% to $331.9 million from $583.6 million, and income before income taxes declined 49.0% to $283.1 million. The decline reflected the $98.0 million commodity-derivative mark-to-market impact, lower volume, materials and logistics inflation, approximately $40 million of Midwest Premium pricing pressure, higher MG&A and an approximately $18 million unfavorable change in the fair value of the Fever-Tree investment. Americas income before taxes fell 27.5% to $390.1 million, while EMEA&APAC income before taxes fell 41.5% to $37.9 million. Underlying income before taxes declined 27.8% in constant currency to $383.2 million.

Key facts

• Operating income (loss) for the three months ended June 30, 2026: $331.9 million, compared to $583.6 million in the prior year quarter. source
• Underlying (Non-GAAP) income before income taxes for the three months ended June 30, 2026: $383.2 million, decreased 27.8% in constant currency. source
• U.S. GAAP income before income taxes for the three months ended June 30, 2026: $283.1 million, decreased 49.0% versus prior year. source
• Underlying (Non-GAAP) EBITDA on a trailing twelve month basis as of June 30, 2026: $2,208.7 million source
• For the three months ended June 30, 2026 Q2 Underlying EBITDA: $624.6 million source
• Underlying (Non-GAAP) Income (loss) before income taxes for the three months ended June 30, 2026: $383.2 million source
• Reported (U.S. GAAP) Income (loss) before income taxes for the three months ended June 30, 2026: $283.1 million source

Impact estimates