Molson Coors Q3 profit misses estimates on goodwill impairment charge

Molson Coors Beverage Co

04/11/2025 11:43

Overview

Molson Coors Q3 net sales fell 2.3%, missing analyst expectations

Adjusted EPS for Q3 decreased 7.2%, missing consensus estimates

Company reported a $3.65 bln goodwill impairment charge, impacting net income

Outlook

Company expects 2025 net sales to decline 3% to 4% in constant currency

Molson Coors sees 2025 underlying EPS declining 7% to 10%

Company anticipates 2025 underlying income before taxes to fall 12% to 15%

Result Drivers

GOODWILL IMPAIRMENT - A $3.65 bln partial goodwill impairment charge significantly impacted U.S. GAAP loss before income taxes

LOWER FINANCIAL VOLUME - Decline in financial volume due to lower shipments in Americas and EMEA&APAC segments

COST INFLATION - Cost inflation related to materials and manufacturing expenses pressured underlying income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$2.97 bln
$3.02 bln (14 Analysts)
Q3 Adjusted EPS
Miss
$1.67
$1.70 (15 Analysts)
Q3 EPS
-$14.79
Q3 Adjusted Net Income
$330.80 mln
Q3 Net Income
-$2.92 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 14 "hold" and 2 "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 $52.00, about 16.9% above its November 3 closing price of $43.22

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBwbwlnYwa

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(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.)