Shares of Molson Coors Beverage Company (NYSE:TAP – Get Free Report) gapped down prior to trading on Thursday after Needham & Company LLC lowered their price target on the stock from $54.00 to $52.00. The stock had previously closed at $50.82, but opened at $47.61. Needham & Company LLC currently has a buy rating on the stock. Molson Coors Beverage shares last traded at $48.3020, with a volume of 1,702,446 shares trading hands. Get Molson Coors Beverage alerts: TAP has been the subject of a number of other ...

Molson Coors Beverage Company (NYSE:TAP) 2026 Conference February 18, 2026 05:00 PM ET Company ParticipantsGreg Tierney - VP FP&A and Commercial FinanceKevin Grundy - Managing DirectorRahul Goyal - President and CEORobert Ottenstein - Senior Managing DirectorTracey Joubert - CFOConference Call ParticipantsChris Carey - Senior Equity Analyst and Head of Consumer Staples ResearchEric Serotta - US Beverages, Tobacco, and Household Products Equity Research AnalystModeratorGood evening, everyone. It's a pleasure ...

Molson Coors forecasts sharp drop in 2026 profit as aluminum costs bite | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Miller Lite beer bottles are seen for sale at a store in Manhattan, New York, U.S., April 29, 2016. REUTERS/Shannon Stapleton/File Photo [Purchase Licensing Rights, opens new tab]Feb 18 (Reuters) - Beer maker Molson Coors [(TAP.N), opens new tab] forecast a sharp drop in annual profit on Wednesday, hurt by higher ...

Core Viewpoint - Molson Coors Beverage Company (TAP) is anticipated to report declines in both revenue and earnings for the fourth quarter of 2025, with revenue expected at $2.73 billion, reflecting a 0.4% decrease year-over-year, and earnings per share (EPS) projected at $1.17, indicating a 10% decline from the previous year [1] Financial Performance - In the last reported quarter, Molson Coors experienced a negative earnings surprise of 2.9%, with an average trailing four-quarter negative earnings surprise of 3.3% [2] - The Zacks Consensus Estimate for net sales in the Americas segment is projected at $2.13 billion, down 1.8% year-over-year [4] Market Conditions - The company is facing significant challenges in the U.S. beer market, with subdued financial and brand volumes due to a broader contraction in the beer category and a shift towards lower-priced options or alternative beverages [5] - Demand pressures are compounded by rising aluminum costs, with the company projecting a year-over-year sales decline of 3-4% on a constant-currency basis for 2025 and an anticipated EPS decline of 7-10% [6] Strategic Initiatives - Despite the challenges, Molson Coors' Revitalization Plan has supported market share gains through innovation and premiumization, with strategic investments in core brands and expansion efforts expected to cushion fourth-quarter performance [7] Valuation Insights - Molson Coors is currently trading at a forward 12-month price-to-earnings ratio of 9.86X, which is below its five-year high of 15.57X and the industry average of 16.76X, presenting a compelling value for investors [8][9]

Company Performance - Boston Beer reported Q3 revenue of $537.5 million, down 11.2% year-over-year, but expanded gross margin to 50.8% [2][5] - Molson Coors generated $11.21 billion in trailing twelve-month revenue, with a 2.3% year-over-year decline, but achieved a 17.5% increase in EBITDA to $2.55 billion [2][4] Brand Performance - Boston Beer's flagship brand, Twisted Tea, declined 5% in measured off-premise channels, while the flavored malt beverage category fell only 3% [3][7] - Sun Cruiser, a new vodka tea innovation from Boston Beer, became the fourth-largest brand in the ready-to-drink spirits category, with distribution tripling [3][7] Strategic Focus - Boston Beer is focusing on premiumization and category creation, producing 90% of its volume internally in Q3 2025, up from 66% the previous year, which contributed to gross margin expansion [6][7] - Molson Coors maintained stability with core brands like Coors Light and Miller Lite holding market share despite a contracting market [4][7]

Company Overview - Molson Coors Beverage Company (TAP) is based in Golden, Colorado, and is valued at $9.4 billion, producing iconic beer brands such as Coors Light, Miller Lite, and Keystone [1] - TAP is classified as a mid-cap stock, with a market cap exceeding $2 billion, highlighting its size and influence in the beverages - brewers industry [2] Financial Performance - TAP's stock has declined 26.3% from its 52-week high of $64.66, reached on March 10, and has underperformed the S&P 500 Index, which gained 3% over the same period [3] - Over the past six months, TAP shares fell 5.8%, and over the past 52 weeks, they dipped 21.9%, while the S&P 500 saw gains of 14.1% and 12.7% respectively [4] - In Q3, TAP reported an adjusted EPS of $1.67, missing Wall Street expectations of $1.72, and revenue of $2.97 billion, which fell short of forecasts of $3.02 billion [5] Market Position and Competition - TAP has been trading below its 200-day moving average since early May but above its 50-day moving average since early November, indicating slight fluctuations [4] - Competitor Compañía Cervecerías Unidas S.A. (CCU) has shown resilience, with a marginal uptick over six months and 11% gains over the past 52 weeks, outperforming TAP [5] Analyst Sentiment - Wall Street analysts have a consensus "Hold" rating on TAP, with a mean price target of $50.30, suggesting a potential upside of 5.5% from current price levels [6]

Summary of Molson Coors Beverage Company Conference Call Company Overview - **Company**: Molson Coors Beverage Company (NYSE:TAP) - **New CEO**: Rahul Goyal, appointed on October 1st, 2025, with 24 years of experience at Molson Coors [2][5] Industry Context - **U.S. Beer Industry**: Facing significant challenges with industry volumes projected to decline by 46% this year [5] - **Macro Issues**: Inflation and other macroeconomic factors are impacting the business, similar to other Consumer Packaged Goods (CPG) companies [5][6] Key Challenges and Opportunities - **Challenges**: - Declining beer category volumes, with historical trends showing a consistent decline [9] - External pressures such as inflation and consumer health concerns [9][10] - **Opportunities**: - **Portfolio Strength**: A broad portfolio catering to various consumer needs, including core brands like Coors Light and Miller Lite [6][10] - **Infrastructure and Capabilities**: Strong distribution network and brewery infrastructure in profitable markets [7][56] - **Financial Health**: Improved balance sheet with strong free cash flow and lower leverage ratios [7][57] Growth Strategy - **Midterm Growth Outlook**: The company aims to stabilize and grow the beer category back to a positive growth range [9][11] - **Core Brands Focus**: Emphasis on maintaining and growing market share for core brands, with specific strategies for Miller Lite and Coors Light [12][15] - **Above Premium Segment**: Targeting an increase in the above premium mix from 27% to about one-third over the next few years, with successes in brands like Peroni [16][17] - **Economy Portfolio**: Plans to invest in economy brands like Miller High Life and Keystone Light to regain lost market share [23][25] International Operations - **Canada**: Positive market share growth despite a soft industry, with Coors Light being the number one brand [31][32] - **U.K.**: Continued premiumization efforts with brands like Madrà, despite competitive pressures [32][33] Cost Management - **COGS Pressure**: The Midwest Premium is a significant cost challenge, with prices rising from $0.20 to around $0.86-$0.87 [34][35] - **Cost Mitigation**: Implementing cost-saving programs and closing underperforming breweries to manage costs [37][39] Marketing and Brand Support - **Marketing Strategy**: Current marketing levels are deemed appropriate, with a focus on optimizing spend rather than increasing it significantly [40][41] - **Brand Support**: Continued investment in core brands and new brands like Fever-Tree to drive growth [44][45] M&A Strategy - **M&A Approach**: Open to larger transactions than the previous "String of Pearls" strategy, focusing on filling portfolio gaps, particularly in spirits-based RTDs [46][48] - **Capital Allocation**: Prioritizing a strong balance sheet while considering M&A opportunities and returning cash to shareholders through buybacks and dividends [53][54] Conclusion - **Key Takeaways**: The company emphasizes its diverse portfolio, strong infrastructure, and financial health as critical components for navigating current challenges and pursuing growth opportunities [57][58]

Core Points - Molson Coors Beverage Company declared a regular quarterly dividend of US$0.47 per share for its Class A and Class B common stock, payable on December 19, 2025, to stockholders of record on December 5, 2025 [1] - Molson Coors Canada Inc. announced a quarterly dividend of approximately CAD$0.66, equivalent to the dividend declared on Molson Coors Beverage Company stock, also payable on December 19, 2025, to its Class A and Class B exchangeable shareholders of record on December 5, 2025 [2] Company Overview - Molson Coors Beverage Company has a history of over two centuries in brewing beverages, focusing on core brands such as Coors Light, Miller Lite, and Molson Canadian, while also expanding into flavored beverages and spirits [3] - The company aims to be the first choice for consumers and customers by offering a diverse product portfolio that caters to various consumer segments and occasions [3] Subsidiary Information - Molson Coors Canada Inc. is a subsidiary of Molson Coors Beverage Company, with Class A and Class B exchangeable shares that provide similar economic and voting rights as the common shares of Molson Coors Beverage Company [5]

Core Insights - Molson Coors Beverage Company is facing significant challenges in the beer market, with U.S. beer consumption declining sharply in 2025 due to macroeconomic factors such as inflation and tariffs, particularly affecting lower-income consumers who are key to mainstream beer purchases [1][9] - The company's flagship brands, including Coors Light and Miller Lite, are experiencing increased competitive pressure and changing consumer behavior, leading to fewer buyers and reduced spending [1][9] Strategic Initiatives - To address these challenges, Molson Coors is adopting a more aggressive strategy to revitalize its core portfolio, which includes increasing marketing investments in flagship brands and launching new campaigns, particularly in high-visibility areas like sports and music [2][9] - The company is also focusing on local market execution, recognizing that different regions respond variably to pricing and promotional activities [2] Portfolio Rebalancing - Molson Coors is rebalancing its portfolio to emphasize economy brands, which are crucial in a strained consumer environment, by enhancing pricing discipline and regional activation for brands like Miller High Life and Keystone Light [3] - The company aims to strengthen its market share in segments where recent softness has been most pronounced [3] Future Outlook - Despite the current beer market slowdown, Molson Coors' targeted investments and commercial realignment may lead to stabilization and potential growth once macroeconomic pressures subside [4] Financial Performance - Molson Coors shares have declined by 19.5% over the past six months, underperforming the Zacks Beverages - Soft Drinks industry, which fell by 11.1%, and the broader Consumer Staples sector, which decreased by 7.2% [5] - The stock is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 8.22X, which is below the industry average of 14.52X, indicating it may be undervalued and present a compelling investment opportunity [10]

Company Overview - Molson Coors Beverage Company (TAP) is based in Golden, Colorado, and is valued at $9.3 billion, producing iconic beer brands such as Coors Light, Miller Lite, and Keystone [1] Stock Performance - TAP shares have underperformed the broader market, declining 22.1% over the past year compared to a 14.1% increase in the S&P 500 Index [2] - Year-to-date (YTD) performance shows TAP down 17.7%, while the S&P 500 is up 16.4% [2] - TAP has also lagged behind the First Trust Nasdaq Food & Beverage ETF (FTXG), which has declined 12.2% over the past year [3] Q3 Financial Results - On November 4, TAP reported Q3 results with an adjusted EPS of $1.67, missing Wall Street expectations of $1.72 [4] - The company's revenue for the quarter was $2.97 billion, falling short of forecasts of $3.02 billion [4] Earnings Forecast - For the current fiscal year ending in December, analysts expect TAP's EPS to decline by 9.6% to $5.39 on a diluted basis [5] - TAP's earnings surprise history is mixed, beating consensus estimates in two of the last four quarters [5] Analyst Ratings - Among 21 analysts covering TAP, the consensus rating is a "Hold," with five "Strong Buy," one "Moderate Buy," 13 "Holds," and two "Strong Sells" [5] - The overall rating has become more bearish compared to two months ago, with one analyst suggesting a "Strong Sell" [6] Price Targets - The mean price target for TAP is $50.63, representing a 7.4% premium to current price levels [7] - The highest price target of $72 suggests a notable upside potential of 52.7% [7]