| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.6K | 32.6% | 3.6% |
| Total Income | 3.6K | 32.6% | 3.6% |
| Expenditure | 3.3K | 33.0% | 3.7% |
| PBT | 283.10 | 45.4% | 49.0% |
| Net Profit | 231.70 | 53.1% | 46.0% |
| OPM | 9.21% | 0.30pp | 6.40pp |
| NPM | 6.43% | 0.86pp | 5.03pp |
| EPS | 1.24 | 55.0% | 42.1% |
Molson Coors Reports 2026 Second Quarter Results
06 Aug 2026 · 6 Aug, 4:07 pm
Summary
Molson Coors Beverage Company reported a 3.3% decrease in net sales for the second quarter of 2026, reaching $3,096.5 million, primarily driven by a 5.4% decrease in financial volume. Both U.S. GAAP and underlying income before income taxes saw significant declines, with U.S. GAAP income down 49.0% to $283.1 million and underlying income down 27.8% in constant currency to $383.2 million. Diluted earnings per share also decreased, with U.S. GAAP EPS at $1.23 and underlying EPS at $1.58. Despite these headwinds, the company is reaffirming its full-year guidance, citing progress on its Horizon 2030 strategy and disciplined execution.
Key Highlights
- 1
Molson Coors reported net sales decreased 3.3% to $3,096.5 million in the second quarter of 2026.
- 2
U.S. GAAP income before income taxes decreased 49.0% to $283.1 million for the second quarter of 2026.
- 3
Underlying (Non-GAAP) income before income taxes decreased 27.8% in constant currency to $383.2 million for the second quarter of 2026.
- 4
U.S. GAAP net income attributable to MCBC was $231.7 million, or $1.23 per diluted share, in the second quarter of 2026.
- 5
Underlying (Non-GAAP) diluted earnings per share decreased 22.9% to $1.58 in the second quarter of 2026.
- 6
Financial volume decreased 5.4% in the second quarter of 2026 compared to the prior year.
- 7
The company is reaffirming its full-year guidance for 2026.
Management Comments
Rahul Goyal
We made progress on key aspects of the Horizon 2030 strategy in the second quarter as we navigated heightened global macroeconomic headwinds that affected both consumer behavior and key input costs in our business. Coors Banquet and Peroni continue to perform well, and we're focused on improving our overall share performance in this competitive environment through ongoing, disciplined execution. As we lean into emerging consumer tastes in flavor and beyond beer, we’re encouraged by Fever-Tree’s continued momentum after more than a year of partnership, and Monaco Cocktails delivered strong performance in its first quarter as part of Molson Coors. Our approach for the balance of the year includes prudent investments designed to drive scale and efficiency across our global portfolio while executing against our cost savings plan to mitigate the impacts of persistent macroeconomic volatility.
Tracey Joubert
Our second quarter financial results largely matched our expectations as we managed through both expected and unanticipated headwinds that weighed on our top and bottom lines. Further progress on our cost savings initiatives partially offset ongoing commodity cost inflation and the impact of lower financial volumes. We are reaffirming our full-year guidance. In the second quarter, we deployed capital toward value-added M&A in support of our Horizon 2030 strategy, enhanced financial flexibility through a series of debt refinancing transactions, and returned capital to shareholders through both dividends and share buybacks. These actions reflect our disciplined approach to balancing our capital allocation priorities.
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