TAP · 8-K · 20260806PR000070
Headcount / Restructuring
MOLSON COORS BEVERAGE CO · 2026-08-06 · Importance 34 · Surprise 42 · In source text
Molson Coors recorded $7.3 million of restructuring charges in the second quarter of 2026, including $0.7 million of employee-related charges under the Americas Restructuring Plan and $3.5 million of accelerated depreciation for Americas supply-chain actions. EMEA&APAC recorded $2.8 million of restructuring charges, comprising $0.3 million of employee-related charges and $2.5 million of accelerated depreciation. The company plans to close a small brewery in the U.K. by the end of 2026 and expects additional restructuring charges of approximately $13 million to $23 million, primarily during the remainder of 2026 and 2027.
Key facts
- Higher other operating expenses in the Americas were primarily driven by restructuring activities and the accelerated amortization of a brand intangible as a result of a decision to exit a brand in our Americas segment. source
- Company anticipates additional charges related to Americas supply chain committed actions to be approximately $10 million to $15 million, with majority recorded during remainder of 2026 and in 2027 source
- Company anticipates additional charges related to EMEA&APAC committed actions to be approximately $3 million to $8 million, with majority recorded during the remainder of 2026 source
- Restructuring pre-tax non-GAAP adjustment recorded for the three months ended June 30, 2026: $7.3 million source
- During the fourth quarter of 2025 the Americas Restructuring Plan resulted in $0.7 million of employee-related charges recorded during the three months ended June 30, 2026 source
- During the three months ended June 30, 2026 company recorded employee-related charges of $0.3 million and accelerated depreciation in excess of normal depreciation charges of $2.5 million related to EMEA&APAC committed actions source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | committed | -0.3% | Company anticipates additional charges related to Americas supply chain committed actions to be approximately $10 million to $15 million,… |
| operating_income | negative | committed | -0.1% | Company anticipates additional charges related to EMEA&APAC committed actions to be approximately $3 million to $8 million, with majority… |
| operating_income | negative | realized | — | Higher other operating expenses in the Americas were primarily driven by restructuring activities and the accelerated amortization of a… |
| assets | negative | realized | — | Higher other operating expenses in the Americas were primarily driven by restructuring activities and the accelerated amortization of a… |