TAP · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

MOLSON COORS BEVERAGE CO (TAP, TAP-A) · 2026-08-06 · Importance 20 · Surprise 24

Foreign-currency movements favorably affected reported six-month net sales by $55.6 million but increased cost of goods sold by $38.7 million and MG&A by $19.0 million, resulting in a $5.0 million unfavorable impact on income before taxes. The six-month cost and MG&A headwinds included $33.4 million and $15.4 million, respectively, in EMEA&APAC, and $6.9 million and $3.6 million in the Americas. The effects primarily reflected a weaker U.S. dollar against the CAD, GBP and European operating currencies, while quarterly currency movements produced a $0.4 million unfavorable pretax impact.

Key facts

• Foreign currency movements favorable impact on net sales for the six months ended June 30, 2026: $55.6 million (EMEA&APAC $45.1 million, Americas $10.5 million). source
• The company believes approximately 57% of its cash and cash equivalents were located outside the U.S. as of June 30, 2026 (excluding cash proceeds received from the May 27, 2026 senior notes issuances). source
• Foreign currency movements favorable impact on net sales for the three months ended June 30, 2026: $10.4 million (EMEA&APAC $11.1 million favorable, Americas $0.7 million unfavorable). source