Quarterly ResultAug 6, 2026, 08:53 AM
Molson Coors Q2 Net Sales $3.1B, EPS $1.24; Acquires Atomic Brands
AI Summary
Molson Coors Beverage Co. reported a decrease in second-quarter 2026 net sales to $3,096.5 million from $3,200.8 million year-over-year, with net income attributable to the company falling to $231.7 million and basic EPS to $1.24. Despite the decline in quarterly financial performance, year-to-date net cash provided by operating activities increased to $820.4 million. The company also completed the acquisition of Atomic Brands, Inc., maker of Monaco Cocktails, for $275 million on April 1, 2026, expanding its presence in the ready-to-drink cocktail segment.
Key Highlights
- Acquired Atomic Brands, Inc. (Monaco Cocktails) for $275M on April 1, 2026.
- Q2 2026 net sales decreased to $3,096.5M from $3,200.8M year-over-year.
- Q2 2026 net income attributable to Molson Coors fell to $231.7M from $428.7M.
- Q2 2026 basic EPS was $1.24, down from $2.14 in the prior year.
- Year-to-date net cash from operating activities increased to $820.4M from $627.6M.
- Cash and cash equivalents rose to $2,128.1M as of June 30, 2026.
- Declared a Q2 2026 dividend of $0.48 per share.
- Repurchased $208.6M of shares year-to-date.
Price Impact
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