Molson Coors (TAP) Had Miserable Numbers, Says Jim Cramer

Core Viewpoint - Molson Coors Beverage Company (NYSE:TAP) has experienced a significant decline in share price over the past year, with a 20.5% drop, despite a slight year-to-date increase of 1.9% [2]. Financial Performance - The company reported fourth quarter earnings on February 18th, with revenue of $2.66 billion and earnings per share of $1.21, which were mixed results [2]. - Revenue fell short of analyst estimates of $2.71 billion, while earnings exceeded expectations of $1.16 [2]. - The firm's 2026 estimate indicates an anticipated drop in adjusted earnings of 11% to 15%, which is below analyst forecasts [2]. Analyst Ratings - Evercore ISI raised the share price target for Molson Coors to $55 from $50, maintaining an Outperform rating [2]. - Conversely, JPMorgan set a price target of $50 and a Hold rating for the company's shares [2]. Industry Sentiment - Jim Cramer has expressed a bearish outlook on the alcoholic beverages industry since the beginning of 2025, citing factors such as declining popularity of drinking among younger consumers [2][3]. - Cramer described the recent financial results of Molson Coors as "miserable" and noted instability among industry leadership [3].