TAP · Earnings call · 2026Q2T · Full report

Guidance and Outlook

MOLSON COORS BEVERAGE CO · 2026-08-06 · Importance 47 · Surprise 32

Molson Coors reaffirmed its fiscal 2026 guidance despite Q2 industry volume declining 4.2% and continued economic and geopolitical uncertainty. The outlook assumes U.S. industry volume improves from 2025 levels, shipment trends slightly outpace brand volume trends in the second half, annual U.S. pricing remains 1% to 2%, and mix benefits come from premiumization. The company expects nine months of NSR and profit contribution from Monaco, Midwest Premium inflation above $130 million for the year, continued commodity and fuel cost pressure, and lower MG&A expenses in the second half.