TAP · 8-K · 20260806PR000070

Operating Expense Trends

MOLSON COORS BEVERAGE CO · 2026-08-06 · Importance 25 · Surprise 32 · Contradicted

Second-quarter marketing, general and administrative expense increased 3.7% to $718.5 million from $693.1 million, or 3.2% in constant currency on an underlying basis. General and administrative costs rose because the company cycled lower prior-year incentive compensation expense and incurred costs for its global modernization enterprise resource planning system. Americas MG&A increased 3.8% to $546.2 million, while EMEA&APAC MG&A increased 3.4% to $172.3 million. Management expects MG&A expenses to decrease in the second half of 2026 versus the prior year through tighter expense management and targeted investments.

Key facts

• For full year 2026, the Company expects underlying depreciation and amortization of $720 million, plus or minus 5%. source
• Reported (U.S. GAAP) Cost of goods sold for the three months ended June 30, 2026: $(2,033.2) million source
• Marketing, general & administrative (MG&A) increased 3.7% on a reported basis for the three months ended June 30, 2026. source
• Underlying (Non-GAAP) MG&A increased 3.2% in constant currency for the three months ended June 30, 2026. source
• (Gains) and losses on disposals and other operating expense (income) pre-tax non-GAAP adjustment for the three months ended June 30, 2026: $9.3 million source

Impact estimates