Molson Coors (TAP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 04, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.64

Last Year’s EPS

2.05

Same Quarter Last Year

Analyst Consensus

Hold

Based on 16 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 30, 2026|

% Change Since:

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

Management reaffirmed 2026 guidance and quantified drivers: Q1 consolidated net sales revenue was +0.1% (constant currency), underlying pretax income +16.2% and underlying EPS +24%; the U.S. beer industry was down 1.6% in Q1 with Molson Coors’ U.S. volume share down 60 bps, and the company now expects U.S. shipments to be down 6%–9% in Q2 (with shipments outpacing brand volumes in H2) while full‑year U.S. industry trends should improve versus 2025’s -5%; EMEA/APAC brand volume declined 3.4% in Q1; commodity inflation remains a headwind—Midwest premium added roughly $13–30M YoY to Q1 COGS and prior commentary tied elevated Midwest premium to at least a $125M (≈9–10 ppt pretax income) headwind—though management says it has meaningful hedges; North America net price increases of 1%–2% are expected; balance sheet metrics: net debt/underlying EBITDA was 2.5x at quarter end with year‑end leverage expected below 2.5x; capital allocation: buyback authorization increased to up to $4.0B through 12/31/2031, $164M was used to repurchase 3.4M shares in Q1 (14.8% of Class B repurchased since Oct‑2023), $94M of dividends were paid and the quarterly dividend was raised to $0.48 (+2.1%, fifth consecutive increase); strategic items: Monaco Cocktails is expected to contribute ~1% to global MSR on a TTM basis and ~9 months of NSR/profit in 2026, the company is executing a 3‑year $450M cost‑savings program, MG&A is expected to increase versus 2025 (while G&A was down 9.1% in Q1 after lapping ~$30M of prior transition costs), and a $2.4B debt maturity in July leaves $1.1B–$1.9B of potential refinancing scope.

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.

Molson Coors (TAP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TAP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2026	2026 (Q2)	1.64 / -	2.05	―	―	―
Apr 30, 2026	2026 (Q1)	0.36 / 0.62	0.5	24.00% (+0.12)
Feb 18, 2026	2025 (Q4)	1.15 / 1.21	1.3	-6.92% (-0.09)
Nov 04, 2025	2025 (Q3)	1.70 / 1.67	1.8	-7.22% (-0.13)
Aug 05, 2025	2025 (Q2)	1.82 / 2.05	1.92	6.77% (+0.13)
May 08, 2025	2025 (Q1)	0.78 / 0.50	0.95	-47.37% (-0.45)
Feb 13, 2025	2024 (Q4)	1.13 / 1.30	1.19	9.24% (+0.11)
Nov 07, 2024	2024 (Q3)	1.67 / 1.80	1.92	-6.25% (-0.12)
Aug 06, 2024	2024 (Q2)	1.70 / 1.92	1.78	7.87% (+0.14)
Apr 30, 2024	2024 (Q1)	0.74 / 0.95	0.54	75.93% (+0.41)

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	$42.41	$42.74	+0.78%
Feb 18, 2026	$50.30	$47.86	-4.86%
Nov 04, 2025	$42.34	$42.78	+1.04%
Aug 05, 2025	$47.17	$47.76	+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.