Molson Coors cuts 2026 profit outlook as third-quarter underlying EPS falls 12.6%
Molson Coors reported third-quarter 2026 net sales of $2,926.5 million, down 1.6% from a year earlier, and underlying diluted EPS of $1.46, down 12.6%. The company cut its 2026 guidance for underlying pre-tax income and underlying EPS, and lowered its net sales outlook, citing softer beer industry volumes, persistent U.K. promotional activity and higher logistics costs. For shareholders, the reduced outlook signals weaker profit expectations for the year, even though U.S. GAAP net income of $271.5 million was far above the prior-year loss caused by a goodwill impairment.
Key points
- Q3 net sales were $2,926.5 million, down 1.6% reported and 1.2% in constant currency; financial volume fell 3.0%.
- Underlying diluted EPS was $1.46, down 12.6%; GAAP diluted EPS was $1.45 versus a loss of $14.79 a year earlier, which included a $3,645.7 million goodwill impairment.
- Underlying pre-tax income guidance was cut to a decline of 21% to 24% from 15% to 18%; underlying EPS guidance is now a decline of 16% to 19%, from 11% to 15%.
- Net sales guidance was lowered to a 1% to 2% decline in constant currency from flat, plus or minus 1%.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.