TAP · 8-K · 20260806PR000070
Income Tax Rate Changes
MOLSON COORS BEVERAGE CO · 2026-08-06 · Importance 30 · Surprise 14 · In source text
The second-quarter U.S. GAAP effective tax rate decreased to 22% from 24% in the prior-year quarter. The underlying effective tax rate also decreased to 22% from 23%. Molson Coors attributed both reductions primarily to recognition of a higher discrete tax benefit. Six-month income tax expense was $106.1 million compared with $163.8 million in the prior-year period. Full-year underlying effective tax-rate guidance remains 22% to 24%.
Key facts
- For full year 2026, the Company expects an underlying effective tax rate in the range of 22% to 24%. source
- U.S. GAAP effective tax rate for the three months ended June 30, 2026: 22%, down from 24% prior year. source
- Underlying (Non-GAAP) effective tax rate for the three months ended June 30, 2026: 22%, down from 23% prior year. source
- For the three months ended June 30, 2026 U.S. GAAP effective tax rate: 22% source
- Underlying (Non-GAAP) Effective Tax Rate for the three months ended June 30, 2026: 22% source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | probable | — | For full year 2026, the Company expects an underlying effective tax rate in the range of 22% to 24%. |