Fevertree Drinks plc
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Molson Coors Beverage Company Reports 2025 Fourth Quarter and Full Year Results
Financialpost· 2026-02-18 21:08
Core Insights - The company announced an Americas Restructuring Plan aimed at creating a more agile segment and facilitating future growth, resulting in charges of $28.7 million primarily for severance and post-employment benefits [1] Financial Performance - The reported net loss attributable to MCBC led to a diluted per share calculation using a share count of 199.1 million shares for the year ended December 31, 2025 [2] - A partial goodwill impairment loss of $3,645.7 million was recorded, with $77.5 million attributable to non-controlling interests (NCI) [2] - Intangible impairment losses of $273.9 million were recorded, with $18.9 million attributable to NCI, due to triggering events in the Americas and EMEA&APAC segments [2] Restructuring and Charges - The total restructuring charges for the Americas Restructuring Plan are expected to be approximately $35 million, at the low end of the previously communicated range of $35 million to $50 million, with remaining charges predominantly employee-related [2] - In the first quarter of 2025, the company incurred an incremental accelerated depreciation of $17.9 million due to the wind down or sale of certain U.S. craft businesses [2] Investments - The company made an investment in Fevertree Drinks plc, holding a minority interest, and recorded an unrealized gain of $31.7 million from the change in fair value of this investment during the year ended December 31, 2025 [2] Earnings Adjustments - Adjustments to arrive at underlying per diluted share and underlying income per diluted share for the year ended December 31, 2025, used a share count of 199.8 million shares, leading to discrepancies in earnings per share totals [2] - The company recorded $60.7 million of income attributable to NCI related to changes in the redemption value of certain redeemable NCI during the year ended 2025 [2]