Overview
Molson Coors Q2 net sales fell 1.6% but beat analyst expectations
Adjusted EPS rose 6.8%, surpassing estimates, per LSEG data
Co lowered full-year guidance due to macroeconomic challenges
Outlook
Molson Coors expects 3%-4% decline in 2025 net sales on constant currency
Company forecasts 12%-15% decline in 2025 underlying income before taxes
Molson Coors anticipates 7%-10% decline in 2025 underlying EPS
Company maintains 2025 free cash flow guidance at $1.3 bln, plus or minus 10%
Result Drivers
MACROECONOMIC PRESSURES - Co says results impacted by macroeconomic environment and lower U.S. share performance
CONTRACT BREWING EXIT - Discontinuation of contract brewing arrangements in Americas affected financial volumes
PRICE AND MIX GROWTH - Strong price and sales mix growth partially offset volume declines
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$3.20 bln
$3.10 bln (13 Analysts)
Q2 Adjusted EPS
Beat
$2.05
$1.83 (14 Analysts)
Q2 Adjusted Net Income
Beat
$412.30 mln
$369.40 mln (10 Analysts)
Q2 Net Income
$428.70 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 16 "hold" and 1 "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 Co is $57.00, about 14.7% above its August 4 closing price of $48.61
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nBw7FZ8pXa
(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.)