Molson Coors Says World Cup Didn't Deliver the Beer Boom Many Expected
Molson Coors Beverage Co. (NYSE: TAP ) stock edged higher Thursday after the company reported second-quarter 2026 results that topped Wall Street estimates and reaffirmed its full-year outlook. The brewer reported net sales of $3.097 billion, down 3.3% from a year earlier, or 3.6% on a constant-currency basis, but above the analyst consensus estimate of $3.081 billion. Its portfolio includes beer, cider and flavored beverage brands including Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Staropramen. GAAP diluted earnings fell 42.3% to $1.23 per share. Adjusted diluted earnings declined 22.9% to $1.58 per share, topping the analyst estimate of $1.51. The stock gained after the company beat earnings and revenue estimates, reaffirmed its 2026 guidance and reported stronger first-half free cash flow. Management also said the Monaco Cocktails acquisition is tracking...
Molson Coors Beverage Co. (NYSE: TAP ) stock edged higher Thursday after the company reported second-quarter 2026 results that topped Wall Street estimates and reaffirmed its full-year outlook. 081 billion. Its portfolio includes beer, cider and flavored beverage brands including Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Staropramen.
23 per share. 51. The stock gained after the company beat earnings and revenue estimates, reaffirmed its 2026 guidance and reported stronger first-half free cash flow. Management also said the Monaco Cocktails acquisition is tracking slightly ahead of expectations.
628 million hectoliters. Lower volume was partly offset by favorable pricing and sales mix. 3%, including $40 million of unfavorable Midwest Premium pricing and volume deleverage. 402 billion.
1 million. S. core and value brand performance, shipment timing and inflation. 8 million.
K. demand, competition, unfavorable channel mix and inflation pressured results. 8 million. 53-times net debt-to-underlying EBITDA ratio.
Year-to-date capital expenditures were $227 million. 48 quarterly dividend. 1 million of accelerated amortization tied to exiting an Americas brand. The company targets $450 million of cost savings from 2026 through 2028.
Monaco Cocktails is expected to be incrementally profitable in 2026. Earnings Call Highlights During the earnings conference call, management said inflation and higher fuel prices changed consumer buying behavior in the second quarter, with shoppers shifting toward convenience stores, dollar channels, smaller pack sizes and value-priced brands. Executives also said the FIFA World Cup generated strong sales in host cities and on-premise locations but did not provide the broad industry boost many had expected.
Meanwhile, the company warned that elevated aluminum costs will remain a headwind through the rest of 2026, with Midwest premium inflation now expected to exceed $130 million despite hedging and cost-saving measures. 73 estimate. 107 billion estimate. 1 billion, plus or minus 10%, while expecting full-year Midwest Premium costs to exceed $130 million.
75 at the time of publication on Thursday, according to Pro data. Photo via Shutterstock Read Also: Budweiser Maker AB InBev Credits FIFA World Cup for Volume Lift, Sees Bigger Payoff Ahead