Molson Coors Q3 sales slightly misses estimates; cuts outlook (updated)

Molson Coors Beverage

05/11/2026 13:08

Updates the Overview section with shares

Overview
U.S. beverage maker's Q3 net sales fell 1.6%, slightly missing analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company cut 2026 outlook, now sees steeper declines in sales and earnings
Shares of the company fell about 4% in premarket trading

Outlook
Company now expects 2026 net sales to decline 1% to 2% in constant currency
Company forecasts 2026 underlying income before taxes to fall 21% to 24% from 2025
Molson Coors sees 2026 underlying EPS down 16% to 19% from 2025

Result Drivers
LOWER VOLUME - Co said Q3 net sales decline was driven by lower financial volume and unfavorable foreign currency impacts
PRICING AND MIX - Higher net pricing in the Americas and premiumization in EMEA&APAC partly offset volume declines
COST INFLATION - Higher materials, logistics and manufacturing costs, including Midwest Premium pricing, weighed on results

Company press release: ID:nBw6FLTf4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Miss*
$2.93 bln
$2.94 bln (15 Analysts)
Q3 Adjusted EPS
Beat
$1.46
$1.45 (16 Analysts)
Q3 EPS
 
$1.45
 
Q3 Adjusted Net Income
 
$272.20 mln
 
Q3 Net Income
 
$271.50 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 12 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the brewers peer group is "buy."
Wall Street's median 12-month price target for Molson Coors Beverage Company is $44.00, about 2% above its November 4 closing price of $43.14
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Nov 4 - Coca-Cola Consolidated Q3 sales rise as costs weigh on margins
Nov 3 - Keurig Dr Pepper Q3 revenue, profit beat estimates
Nov 5 - Celsius Holdings Q3 revenue beats estimates on Alani Nu growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)