Impairment ChargesA $3.6bn non-cash partial goodwill impairment charge on the Americas segment.
Market Share And Industry ChallengesTAP now expects FY25 revenue, underlying pretax income, EPS, and FCF to be at the low end of prior guidance, which is slightly worse than consensus but broadly in-line with market expectations given continued weakness in the US beer market and TAP market share losses amid improved performance from ABI.
Volume And Revenue PerformanceMolson Coors missed 3Q sales and EPS and tamped guidance to the low end of their range.