Core Viewpoint - Molson Coors Beverage Co. plans to close its Cork brewery in Ireland, ceasing production of the Franciscan Well brands due to challenges in the craft beer market and economic pressures [1][2]. Financial Performance - In the third quarter, Molson Coors recorded impairment charges of nearly $4 billion, resulting in an operating loss of $3.43 billion and a net loss of $2.93 billion, compared to an operating income of $451.2 million and a net income of $199.8 million in the same period last year [3]. - The company generated net sales of $2.97 billion, a decrease of 2.3% year-over-year, with sales in the Americas down 3.6% and a 2.4% decline in the combined EMEA and APAC division [4]. - The underlying net income for the third quarter was $330.8 million, down from $374.4 million in the corresponding period last year [4]. Operational Changes - The closure of the Cork brewery will affect 15 employees, and the company remains open to discussions regarding the future of the brewery and its brands [1][2]. - The new CEO, Rahul Goyal, has indicated that the company must transform more rapidly, which includes job cuts in the Americas [4].