TAP · 10-Q · 2026Q2 · Full report
Non-Operating Investment Loss
MOLSON COORS BEVERAGE CO (TAP, TAP-A) · 2026-08-06 · Importance 51 · Surprise 64 · No source text
Total non-operating expense increased 70.0% year over year in the second quarter and 91.5% for the first six months of 2026. The primary driver was an $18.0 million second-quarter and $54.1 million year-to-date unfavorable fair-value change in the company’s investment in Fevertree Drinks plc. The six-month decline contributed to the 20.1% decrease in Americas income before taxes, alongside lower volume and commodity inflation. Net non-operating expense was also affected by foreign-currency transaction impacts, pension and OPEB items and higher net interest expense.
Key facts
- Total non-operating expense, net for the six months ended June 30, 2026: $(112.4) million, increased 91.5% versus prior year. source
- Total non-operating expense, net for the three months ended June 30, 2026: $(48.8) million, increased 70.0% versus prior year. source
- Total non-operating expense, net increased for the six months ended June 30, 2026 primarily due to the fair value change of the company's investment in Fevertree Drinks plc of $54.1 million. source
- Total non-operating expense, net increased for the three months ended June 30, 2026 primarily due to the fair value change of the company's investment in Fevertree Drinks plc of $18.0 million. source
- Net interest expense of the Obligor Group for the six months ended June 30, 2026: $(125.7) million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -1.5% | Total non-operating expense, net for the six months ended June 30, 2026: $(112.4) million, increased 91.5% versus prior year. |
| net_income | negative | realized | -0.6% | Total non-operating expense, net for the three months ended June 30, 2026: $(48.8) million, increased 70.0% versus prior year. |