Earnings summaries and quarterly performance for MOLSON COORS BEVERAGE.
Executive leadership at MOLSON COORS BEVERAGE.
Board of directors at MOLSON COORS BEVERAGE.
AM
Andrew Molson
Detailed
Director
CH
Charles Herington
Detailed
Director
CC
Christian Cocks
Detailed
Director
DC
David Coors
Detailed
Chair of the Board
GM
Geoffrey Molson
Detailed
Vice Chair
JT
Jill Timm
Detailed
Director
LW
Leroy Williams Jr
Detailed
Director
ML
Mary Lynn Ferguson-McHugh
Detailed
Director
NO
Nessa O’Sullivan
Detailed
Director
PC
Peter Coors
Detailed
Director
RE
Roger Eaton
Detailed
Director
SW
Sandy Winnefeld Jr
Detailed
Director
Research analysts who have asked questions during MOLSON COORS BEVERAGE earnings calls.
Bonnie Herzog
Goldman Sachs
6 questions for TAP
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Eric Serotta
Morgan Stanley
6 questions for TAP
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Citigroup Inc.
6 questions for TAP
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LL
Lauren Lieberman
Barclays
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ML
Michael Lavery
Piper Sandler & Co.
6 questions for TAP
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Peter Grom
UBS Group
6 questions for TAP
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BNP Paribas
5 questions for TAP
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TD Cowen
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Wells Fargo & Company
4 questions for TAP
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JPMorgan Chase & Co.
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Evercore ISI
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Bill Kirk
Roth Capital Partners, LLC
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Bank of America
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Nadine Sarwat
Bernstein
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Bank of America
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Andrea Teixeira
JPMorgan Chase & Co.
2 questions for TAP
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Chris Carey
Wells Fargo Securities
2 questions for TAP
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Rob Ottenstein
Evercore
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Deutsche Bank
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Carlos Laboy
HSBC
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Xin Ma
TD Securities
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Recent press releases and 8-K filings for TAP.
Molson Coors outlines Horizon 2030 strategy at CAGNY 2026
TAP
Guidance Update
Share Buyback
- CEO Rahul Goyal introduced Horizon 2030, a blueprint focused on rewiring commercial execution, modernizing capabilities, and driving growth across core beer, above-premium, and Beyond Beer segments.
- CFO Tracey Joubert launched a 3-year cost savings program targeting up to $450 million starting in 2026, leveraging procurement, supply chain optimization, G&A efficiencies, and portfolio optimization.
- Capital allocation priorities include rebasing annual CapEx to $650 million, maintaining leverage below 2.5×, and extending share repurchase authorization to $4 billion through 2031.
- 2026 guidance anticipates similar free cash flow (~$1.1 billion) to 2025 but predicts a $125 million COGS headwind from Midwest premium and aluminum inflation impacting gross margins.
Feb 18, 2026, 10:00 PM
Molson Coors Beverage presents 2026 guidance at CAGNY
TAP
Guidance Update
Share Buyback
Dividends
- 2026 guidance: Flat ±1 % net sales revenue growth (constant currency); underlying pretax income down 15–18 %, EPS down 11–15 %, and Free Cash Flow targeted at $1.1 B ±10 %.
- Underlying pretax income mid-point expected to decline 16.5 %, including a 9–10 % headwind from Midwest Premium aluminum costs and ~7 % higher short-term incentive compensation.
- Horizon 2030 medium-term targets: low single-digit NSR growth, mid single-digit pretax income growth, and high single-digit EPS growth.
- Balance sheet and shareholder returns: Net debt/EBITDA at 2.3× as of FY 2025; repurchased ~$1.4 B of shares (~72 % of $2 B plan) and Q1 2026 dividend at $0.48/share.
Feb 18, 2026, 10:00 PM
Molson Coors unveils Horizon 2030 growth plan at CAGNY 2026
TAP
Guidance Update
Share Buyback
M&A
- Molson Coors detailed Horizon 2030, a strategic blueprint to accelerate growth and streamline operations, focusing on four portfolio pillars—Core, Value, Premiumization and Beyond Beer—and “rewiring” the business with commercial execution closer to customers and modernization of capabilities.
- The company announced a three-year cost savings program targeting up to $450 million in annual savings beginning in 2026, alongside a CapEx rebasing to $650 million per year, supporting reinvestment and margin improvement.
- Molson Coors forecasts approximately $1.1 billion in free cash flow for 2026, leveraging a stronger balance sheet to fund brand investments, M&A deals (adding 1–2% NSR via $200–350 million transactions) and its ongoing share repurchase and dividend programs.
Feb 18, 2026, 10:00 PM
Molson Coors unveils Horizon 2030 growth plan at CAGNY 2026
TAP
Guidance Update
Share Buyback
New Projects/Investments
- Molson Coors launched Horizon 2030, a blueprint to “rewire” the business for sustainable top- and bottom-line growth by strengthening core/value beer brands, accelerating Beyond Beer, and decentralizing P&L accountability to markets for faster decision-making.
- For 2026, the company expects to navigate industry declines, cost inflation (notably aluminum and Midwest premiums), and lost one-time incentives by tightening cost controls, disciplined pricing, and targeted brand investment to restore low single-digit revenue growth.
- A new three-year cost-savings program aims to deliver up to $450 million in savings beginning in 2026 through procurement, supply-chain productivity, G&A efficiencies, and portfolio optimization across all regions.
- Capital priorities include rebased annual CapEx of ~$650 million, disciplined M&A deals of $200–350 million targeting 1–2% NSR growth, maintaining net leverage below 2.5×, and sustainably increasing dividends.
- The board expanded the share-repurchase program to $4 billion through December 31, 2031 (inclusive of the $1.4 billion spent by end-2025), reflecting confidence in the medium-term growth algorithm.
Feb 18, 2026, 10:00 PM
Molson Coors unveils Q4 2025 transformation and strategic plan
TAP
Guidance Update
Share Buyback
- Molson Coors introduced its Horizon 2030 blueprint to drive medium-term top- and bottom-line growth by optimizing its core, value, premium and beyond-beer portfolio, localizing P&L accountability, modernizing capabilities (AI, ERP, supply chain) and championing category-wide beer occasions.
- CFO Tracey Joubert launched a 3-year cost savings program targeting up to $450 million of annualized savings starting in 2026, to offset inflation and fund brand and capability investments.
- The company rebased annual CapEx to ~$650 million, plans disciplined M&A (~$200–$350 million per deal adding 1–2% NSR), and aims to sustain > $1 billion in free cash flow for 2026 while holding leverage below 2.5× net debt/EBITDA.
- Molson Coors increased its share buyback authorization from $2 billion to $4 billion (including $1.4 billion spent through 2025) and extended the program through December 31, 2031, underscoring confidence in its strategic roadmap.
Feb 18, 2026, 10:00 PM
Molson Coors unveils Horizon 2030 strategy and medium-term financial targets
TAP
Guidance Update
Share Buyback
New Projects/Investments
- Molson Coors is “resetting” 2026 guidance to navigate significant industry headwinds—namely cost inflation from aluminum and Midwest Premium pricing—and plans to invest selectively in brands and capabilities to restore growth.
- The company introduced Horizon 2030, a blueprint to drive top- and bottom-line growth by prioritizing portfolio pillars (core, value, premium and beyond beer), localizing P&L accountability, modernizing capabilities (AI, ERP) and championing beer category relevance.
- To fund the strategy, Molson Coors launched a 3-year cost savings program targeting up to $450 million in run-rate savings starting in 2026, with initiatives across COGS, Americas, and EMEA/APAC operations.
- Financial priorities include sustaining strong cash generation (delivered $1.1 billion free cash flow in 2025 with a similar outlook for 2026), rebased annual CapEx of ~$650 million, maintaining leverage below 2.5× (2.3× at end-2025), and extending the share buyback to $4 billion through 2031 alongside continued dividend growth.
Feb 18, 2026, 10:00 PM
Molson Coors outlines Horizon 2030 strategy and Q4 2025 update
TAP
Earnings
Guidance Update
Share Buyback
- CEO Rahul Goyal introduced Horizon 2030, a medium-term growth plan centered on portfolio segmentation (core, value, premium, beyond beer), localizing commercial execution, modernizing capabilities, championing the beer category, and evolving culture to drive accountability.
- CFO Tracey Joubert reported $1.1 billion in free cash flow for 2025 and similar expectations for 2026, launched a three-year cost savings program targeting up to $450 million beginning in 2026, rebased annual CapEx to $650 million, and remains committed to a leverage ratio below 2.5× (2.3× at year-end 2025).
- Capital allocation priorities include sustainably increasing dividends, disciplined M&A targeting 1–2% NSR lift annually, and extending the share repurchase program from $2 billion to $4 billion through December 31, 2031 (inclusive of ~$1.4 billion spent by end-2025).
- Management noted significant industry volume declines in 2025 and reset 2026 guidance amid cost inflation (aluminum and Midwest Premium) and one-time incentive lapses, with actions on pricing, sourcing and disciplined investments to restore top- and bottom-line growth.
Feb 18, 2026, 10:00 PM
Molson Coors reports Q4 and full year 2025 results
TAP
Earnings
Guidance Update
Share Buyback
- Molson Coors reported Q4 net sales of $2,662.4 M, a 2.7% decrease reported (4.0% constant currency), Q4 GAAP net income of $238.3 M ($1.22 EPS) and Non-GAAP EPS of $1.21, down 6.9%.
- For FY 2025, net sales were $11,140.8 M (down 4.2% reported), GAAP net loss of $2,139.6 M (loss per share $10.75), and Non-GAAP EPS of $5.42, down 9.1%.
- 2026 guidance: net sales flat ±1% constant currency; underlying pretax income down 15–18%; underlying EPS down 11–15%; underlying free cash flow $1.1 B ±10%.
- Board authorized a $2 B increase to the share repurchase program (total $4 B, $2.6 B remaining) and declared a $0.48 quarterly dividend.
Feb 18, 2026, 9:12 PM
Molson Coors reports Q4 2025 results and 2026 guidance
TAP
Earnings
Guidance Update
Share Buyback
- In Q4 2025, Molson Coors reported net sales revenue of $2,066 million, down 5.0% year-over-year on a constant currency basis, and underlying income before tax of $293 million, down 19.1% CC.
- Q4 underlying diluted EPS was $1.21, a 6.9% decline year-over-year, and full-year EPS was $5.42, down 9.1%.
- For full-year 2026, the company guides to flat ±1% net sales growth, an underlying pretax income decline of 15–18%, and underlying free cash flow of $1.1 billion ±10%.
- The quarterly dividend was increased to $0.48 for Q1 2026, and the company repurchased $1.44 billion of shares, executing 72% of its $2 billion plan.
Feb 18, 2026, 9:00 PM
Molson Coors reports Q4 and full-year 2025 results
TAP
Earnings
Guidance Update
Share Buyback
- Net sales revenue for Q4 2025 was $2.66 B (-4.0% YoY) and $11.14 B for FY 2025 (-4.8%); underlying income before tax was $297 M (-13.8%) in Q4 and $1.385 B (-14.7%) for the year; EPS was $1.21 (-6.9%) in Q4 and $5.42 (-9.1%) FY.
- Underlying free cash flow for FY 2025 was $1.141 B (-8.0%), while net debt rose to $5.403 B (+4.4%) and leverage ended at 2.33x.
- Returned capital with a $0.47 Q4 dividend (+6.8% YoY) and repurchased 6.9 M shares for $320 M in Q4 (12.9 M shares / $652 M in FY 2025).
- 2026 guidance: net sales flat ±1%; underlying income before tax down 15–18%; EPS down 11–15%; free cash flow $1.1 B ±10%; capex $650 M ±5%.
Feb 18, 2026, 9:00 PM
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