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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.53Last Year’s EPS
2.05Same Quarter Last Year
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced meaningful near-term headwinds (commodity inflation, regional volume declines, Q2 shipment variability and elevated MG&A) with several constructive outcomes: strong profitability improvement in Q1 (underlying pretax income +16.2%, underlying EPS +24%), active capital returns (repurchases and dividend increase), strategic M&A to accelerate Beyond Beer, and operating/cost-saving actions. Management reaffirmed full-year guidance and emphasized confidence in execution while acknowledging work to stabilize core brands and manage cost inflation.Company Guidance
Profitability Improvement
Underlying pretax income rose 16.2% year-over-year in Q1 and underlying diluted earnings per share increased 24%, reflecting stronger margin performance despite a mixed top-line.
Stable Top-Line and Reaffirmed Guidance
Consolidated net sales revenue was essentially flat, up 0.1% on a constant currency basis in Q1, and management reaffirmed full-year 2026 guidance, signaling confidence in execution amid macro uncertainty.
Capital Return and Balance Sheet Strength
Company repurchased $164 million of stock (3.4 million shares) in Q1, paid $94 million in cash dividends, raised the quarterly dividend to $0.48 (up 2.1%), extended repurchase authorization to up to $4.0 billion through 2031, and finished the quarter with net debt to underlying EBITDA of 2.5x with an expectation to be below 2.5x by year-end.
Strategic M&A to Expand Portfolio
Acquired Monaco Cocktails (RTD), expected to contribute approximately 1% to global MSR on a trailing 12-month basis and deliver incremental profitability in year 1 (9 months of ownership), while adding ~80 sales team members to expand Beyond Beer execution.
Beyond Beer Momentum
Beyond Beer brands showed strong performance: Fever‑Tree contributed meaningfully to Q1 top-line, Topo Chico Hard returned to growth, and new national U.S. advertising and sponsorship plans are in place to accelerate growth in the segment.
On-Premise Strength
On-premise performance improved with the top six brands (Miller Lite, Miller High Life, Coors Light, Banquet, Blue Moon and Peroni) delivering share growth in the quarter, supporting occasion-led strategies (e.g., March Madness, World Cup media plans).
Cost Savings and Operating Changes
Company is advancing a 3-year $450 million cost savings program, implemented operating model changes to drive speed and accountability, and took restructuring actions in EMEA and APAC to strengthen the cost base.
G&A Reduction
General & administrative expenses were down 9.1% year-over-year in Q1, driven largely by lapping approximately $30 million of prior-year transition costs and lower employee-related expenses, partly offsetting investments.
TAP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $41.91 | $42.23 | +0.78% |
Feb 18, 2026 | $49.71 | $47.29 | -4.86% |
Nov 04, 2025 | $41.84 | $42.27 | +1.04% |
Aug 05, 2025 | $46.61 | $47.20 | +1.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Molson Coors Beverage (TAP) report earnings?
Molson Coors Beverage (TAP) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Molson Coors Beverage (TAP) earnings time?
Molson Coors Beverage (TAP) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TAP EPS forecast?
TAP EPS forecast for the fiscal quarter 2026 (Q2) is 1.53.
