EarningsQ2 2026 Earnings Report
MX:TAP1 Q2 2026 EPS Results
Actual EPS$28.59
Consensus EPS$27.36
Beat/MissBeat by +$1.23
One Year Ago EPS$37.10
MX:TAP1 Q2 2026 Revenue Results
Actual Revenue$56.03B
Expected Revenue$55.79B
Beat/MissBeat by +$242.06M
YoY Revenue Growth-3.26%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:TAP1 Upcoming Earnings
Molson Coors's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TAP1 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: material near-term financial pressures (notably a ~28% decline in underlying pretax income, COGS inflation and volume headwinds) are balanced by strategic progress—portfolio expansion (Monaco, Fever-Tree momentum), targeted brand wins (Peroni, Coors Banquet, Keystone innovations), active cost-savings and supply‑chain investments, and a resilient balance sheet that supports capital deployment. Management reaffirmed guidance and highlighted actions to mitigate inflation and improve commercial execution, but significant margin compression and competitive volatility keep the tone cautious.Company Guidance
Reaffirmed Fiscal 2026 Guidance
Management reaffirmed full-year 2026 guidance, signaling confidence in available levers (pricing, mix, cost savings, portfolio actions) despite near-term volatility.
Top-line and Brand Wins (Selected)
Notable brand performance: Peroni grew U.S. brand volumes by double digits; Coors Banquet grew share and brand volume; Keystone Light Apple (Kapple) generated strong demand and will be relaunched in the fall; Fever-Tree delivered its highest U.S. sales quarter since partnership began.
M&A and Portfolio Expansion Success
First full quarter of ownership of Atomic Brands/Monaco tracked slightly ahead of acquisition expectations on top and bottom line; Monaco, Topo Chico Hard and Fever-Tree each expected to contribute ~1-2% to NSR, supporting Horizon 2030 portfolio transformation.
Balance Sheet and Capital Allocation Strength
Net debt to underlying EBITDA improved to 2.53x at quarter end (close to year-end target of <2.5x); paid $90M in dividends and repurchased 1M shares for $42M (15.3% of Class B shares repurchased since Oct 2023) with $2.35B remaining repurchase authorization.
Progress on Cost Savings and Productivity
Advancing a 3-year $450M cost savings program and executing restructuring actions in EMEA/APAC (including a small UK brewery closure), intended to offset inflationary pressures and improve efficiency.
Targeted CapEx to Strengthen Supply Chain
Allocated portion of $650M global CapEx to modernize and expand supply chain (upgrades at Rocky Mountain Metal Company can plant, new bulk receiving facilities, new/upgraded canning lines) to address aluminum sourcing and create efficiencies.
Pricing and Mix Actions
Company expects a U.S. annual price increase of 1-2% (in line with Q2) and anticipates mix benefits from premiumization across business units.
Execution in Key Occasions and Channels
Strong on-premise World Cup execution in host cities, targeted local activations (e.g., Dutton Ranch partnership, Restock the Scots Miller Lite barge), and retail spring resets that secured incremental shelf and cooler space for core brands.
MX:TAP1 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