Molson Coors Q3 2026 Net Sales Fall 1.6% to $2.93B, Underlying EPS Drops 12.6%
· The NYC Memo
Molson Coors Beverage Company reported Q3 2026 net sales of $2,926.5 million, down 1.6% year-over-year, with underlying diluted EPS of $1.46 versus $1.67 in Q3 2025, driven by a 3.0% decline in financial volume, cost inflation including approximately $30 million in Midwest Premium pricing impact, and unfavorable foreign exchange.
GAAP diluted EPS was $1.45 compared to a loss of $14.79 in Q3 2025, which included a $3,645.7 million goodwill impairment charge. The company revised its full-year 2026 guidance, now projecting net sales to decline 1%-2% in constant currency versus a prior outlook of flat ±1%, and underlying EPS to decline 16%-19% versus the prior range of -11% to -15%, while underlying free cash flow guidance was reduced to approximately $1.0 billion ±10% from $1.1 billion ±10%.