Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Five Trail, Hop Valley brands, Leinenkugel's, Madri, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is based in Golden, Colorado.

Molson Coors looks like a mature but not risk-free business: its market valuation remains moderate, but the quality of the current financial reporting is uneven. On valuation multiples, the company looks inexpensive: P/S of 0.69, P/B of 0.72, and P/FCF of 5.75 are noticeably below industry medians, which usually supports the idea of undervaluation. At the same time, P/E and profitability metrics in the TTM snapshot are zero, which signals not cheapness, but rather a weak or distorted current earnings and margin base. Historically in 2025, profitability was normal: operating margin was around 14%, net margin around 9%, and ROE and ROA were positive, but then the trend deteriorated to zero in the latest periods. This reduces confidence in the sustainability of earnings and limits re-rating potential. The strong point is the gross margin of 38.62%, which is above the industry median, meaning that at the gross profit level the business still manages to maintain pricing discipline and production efficiency. Revenue and absolute profit remain large, and TTM net income is positive, confirming the ability to generate earnings even in a difficult environment. However, EBITDA and operating profit in the latest points look weaker than in earlier 2025 periods, indicating pressure on operating leverage. The balance sheet overall does not look overstretched: debt/equity of 0.38 is below the industry median, and equity remains substantial. But liquidity is weak: quick ratio of 0.38 and current ratio of 0.88 are below comfortable levels, and cash on hand has declined, increasing sensitivity to short-term shocks. Dividend yield of 1.16% is rising, but remains moderate and does not fully offset operational risks. Overall, the picture is rather neutral-to-negative for an aggressive upward revision of valuation: cheap multiples and a decent balance sheet support the share price, but the drop in profitability, weak liquidity, and deterioration in operating momentum call for a conservative approach to the target price.

Molson Coors Beverage Company

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Сильный индекс, без изменений. Рынок не поддерживает быков.

Strong index, flat. The market does not support the bulls.

Средний индекс, незначительно вырос. Отток средств из лонгов на высоком уровне.

Medium index, slightly up. Outflow of funds from longs at a high level.

TAP looks inexpensive on P/S, P/B, and P/FCF, but weak liquidity and a decline in profitability limit re-rating potential.

Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Molson Coors Beverage Co (Symbol: TAP) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.92), with the stock changing hands as low as $37.76 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per share. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over all those years. But now consider that you collected a whopping $25.98 per share in dividends over the same period, for a positive total return of 23.36%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 5% would appear considerably attractive if that yield is sustainable. Molson Coors Beverage Co (Symbol: TAP) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Molson Coors Beverage Co, looking at the history chart for TAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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Further TAP Research:

TAP Dividend Yield Pushes Past 5%

Key Points
Bloom Energy will officially join the S&P 500 on Sept. 21.
Bloom Energy has been a major beneficiary of rising power demand driven by the AI data center build-out.
In the second quarter, Bloom Energy surpassed $1 billion in revenue for the first time and raised its full-year revenue projection.
Bloom Energy (NYSE: BE) stock has gone on an explosive run and has officially earned a spot in the S&P 500. On Sept. 4, S&P Dow Jones announced that Bloom Energy, along with Illumina and Everpure, would join the index, while Molson Coors, Builders FirstSource, and The Trade Desk were removed.
Bloom Energy jumped after hours on the news, and the stock is set to join the S&P 500 on Sept. 21. Bloom has been a primary beneficiary of the huge power demand coming from artificial intelligence (AI) data centers, which hyperscalers continue to invest in at a staggering rate.
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After its run-up and its inclusion in the S&P 500, is Bloom Energy still a buy? Let's dive into its long-term outlook to find out.
Bloom Energy addresses a major bottleneck hyperscalers are facing
The AI data center build-out has revealed power as a major bottleneck for hyperscalers. For one, securing a transmission connection to a regional power grid can take four to seven years. Regional transmission operators face enormous backlogs and severe supply shortages of high-voltage power transformers and other vital infrastructure.
On top of this, local communities and public utilities are facing pushback from residents on data center construction. Residential customers don't want to bear the costs of the capital expenditures required to expand the power grid just to connect new data centers. As a result, hyperscalers are seeking independent, off-the-grid power alternatives like Bloom Energy's solid-oxide fuel cells.
Bloom's fuel cells run on natural gas but can also run on biogas or hydrogen using an electrochemical reaction rather than combustion. Its biggest competitive advantage is that its fuel cells are factory-fabricated and can be installed on-site in three to four months, helping hyperscalers get their data centers up and running significantly faster since they don't have to wait to connect to the electric grid.
The company's fuel cells have been validated by hyperscalers and neocloud customers. Notably, in 2024, Bloom Energy delivered its fuel cell power system for an Oracle cloud infrastructure AI data center in just 55 days.
In its second-quarterearnings call Chief Executive Officer K.R. Sridhar noted that "over a dozen U.S. neoclouds, AI labs and colocation data center operators have validated and approved our power solutions."
Bloom's earnings have boomed, and demand is only increasing
In the second quarter, the company's revenue exceeded $1 billion for the first time. The company is experiencing accelerating data center deliveries, and as a result, management raised its full-year revenue projection to a range of $3.9 billion to $4.2 billion (a 100% increase year over year at the midpoint) and full-year non-GAAP (generally accepted accounting principles) operating income to a range of $800 million to $900 million.
Bloom's growth isn't slowing down, either. On June 30, Brookfield Asset Management expanded its strategic partnership with Bloom Energy. It increased its initial project financing framework from $5 billion to $25 billion, a stunning fivefold increase.
On July 20, Industrial Development Funding partnered with Oaktree, MUFG, and Morgan Stanley to announce a $1.7 billion project investment to support the deployment of Bloom's fuel cells to power Nebius' AI infrastructure build-out.
Is Bloom Energy stock a buy?
Bloom Energy recently introduced Power Connect, which reduces on-site power installation time by more than 40%. This builds on Bloom's speed-to-power advantage by moving complex electrical integration from the field to the factory floor.
Looking ahead, analysts covering Bloom Energy project its earnings per share (EPS) to rise to $2.67, a 251% increase from 2025's EPS of $0.76. Bloom Energy trades at about 94 times projected earnings for this year. But that valuation also assumes its staggering growth will continue, with analysts projecting 84% annual EPS growth in 2027 and another 60% in 2028.
Bloom Energy stock has surged in recent years and remains well-positioned to continue gaining in the years ahead. As long as hyperscalers continue to invest so much in building data centers, Bloom Energy should continue to ride these powerful tailwinds higher.
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Bloom Energy Is Joining the S&P 500: Is the Stock Still a Buy After Its Massive Run?

The Boston Beer Company, Inc. SAM has witnessed a decline over the past six months, with its shares falling 17.1%. The stock underperformed the S&P 500 index, which gained 12.2% during the same period, and the Consumer Staples sector, which declined 1.9%. Meanwhile, the broader Beverages - Alcohol industry fell 4.1%.
Boston Beer’s shares are under pressure as it faces several headwinds that are weighing on sales, profitability and investor confidence. The biggest concern is continued weakness in consumer demand, with second-quarter 2026 depletions declining 6% year over year and shipments falling 4.5%. Volume declines across key brands, including Truly, Twisted Tea, Samuel Adams, Hard Mountain Dew and Dogfish Head, highlight broad-based portfolio weakness. SAM continues to face tariff and input-cost pressures.
SAM’s performance is notably weaker than that of its competitors, Anheuser-Busch InBev SA/NV BUD, Diageo plc DEO and Molson Coors Beverage Company TAP, which declined 0.8%, 5.1% and 11.4%, respectively, in the past six months.
Closing at $190.82, SAM stock stands almost 27.8% below its 52-week high of $264.46 attained on April 10, 2026. The company is trading below its 200-day simple moving average of $204.64, signaling bearish sentiment in maintaining the recent performance levels.
What’s Behind SAM’s Dismal Stock Run?
Boston Beer’s shares are declining primarily because of continued weakness in sales volumes across several of its major brands. The company’s second-quarter 2026 depletions fell 6% year over year, while shipments declined 4.5%, indicating that demand remains under pressure. Weakness was seen across brands including Truly, Twisted Tea, Samuel Adams, Hard Mountain Dew and Dogfish Head.
Truly’s ongoing softness remains a major concern, as growth from newer brands such as Sun Cruiser and Angry Orchard has not been enough to fully offset declines in the broader portfolio. The company also reported adjusted earnings per share below analysts’ expectations, adding to investor concerns about near-term profitability.
Simultaneously, Boston Beer continues to face tariff and input-cost pressures, with $20-$30 million expected tariff costs in 2026. Although cost savings and productivity initiatives are helping protect margins, they have not been sufficient to overcome the impact of weaker volumes.
In addition, Boston Beer continues to face broader industry challenges. Shifting consumer preferences across beverage alcohol categories are creating uncertainty around demand for traditional beer, hard seltzers and other established offerings. The company also operates in a highly competitive market, where elevated promotional activity and discounting may be necessary to maintain shelf space and stimulate demand. Increased promotions can weigh on realized pricing and put pressure on profit margins, particularly when combined with weaker volumes.
Finally, the market remains uncertain about Boston Beer’s ability to sustain long-term growth amid continued volume declines, shifting consumer preferences, intense competition and the need to successfully scale newer brands.
SAM’s Growth Levers May Offer Some Cushion
On the flip side, Boston Beer is executing a strategy focused on strengthening its core brands, expanding the Beyond Beer portfolio and driving growth. The company continues to invest in brand equity, introduce new product formats, expand Truly Unruly, support Samuel Adams through targeted marketing and capitalize on major events to increase brand visibility. These initiatives are expected to reinforce its long-term growth prospects.
Boston Beer is focused on the revival of its Samuel Adams and Angry Orchard brands, cost-saving initiatives and long-term innovation. However, these initiatives will translate into growth only if Boston Beer can successfully execute its brand-revival strategy, stabilize volumes across its core portfolio, scale newer products and effectively manage costs and competitive pressures.
SAM’s Estimate Revision Trend & Valuation
The Zacks Consensus Estimate for SAM’s 2026 and 2027 earnings per share has dropped 5.5% and 8.1% to $8.99 and $10.27, respectively, over the past 30 days.
Despite the considerable decline in its share price, Boston Beer still trades at a premium to industry peers with a forward 12-month price-to-earnings (P/E) multiple of 19.45X. The current valuation is below its five-year high of 41.08X but ahead of the broader industry’s multiple of 14.99X.
Image Source: Zacks Investment Research
How to Play SAM Stock Now?
Boston Beer is facing mounting near-term pressures from declining volumes, weakness across key brands, shifting consumer preferences, intense competition and persistent cost headwinds. Earnings estimate cuts and continued uncertainty around the pace of brand recovery have also weighed on investor confidence, while the stock still trades at a premium valuation compared with the broader industry. Although SAM continues to benefit from newer growth brands, product innovation, brand investments and cost-saving initiatives, these positives may take time to materially offset weakness in its core portfolio. Given the uncertain volume and earnings outlook, downward estimate revisions and limited margin of safety at its current valuation, this Zacks Rank #4 (Sell) stock appears less favorable at current levels.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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This article originally published on Zacks Investment Research (zacks.com).

Boston Beer Drops 17% in 6 Months: Buy the Dip or Sell the Stock?

Molson Coors Beverage Company TAP continues to rely on pricing and favorable mix as key levers to counter persistent volume weakness in a challenging beer market. Consumer spending remained pressured in the second quarter of 2026, with shoppers increasingly favoring convenience and dollar channels as well as smaller pack sizes. Against this backdrop, the company remains focused on protecting price realization while refining its price-pack architecture across Coors Light, Miller Lite and its value portfolio. Premiumization, supported by brands such as Peroni and Fever-Tree, also remains an important component of its revenue-management strategy.
The need for these pricing actions is evident in Molson Coors’ recent volume trends. In the second quarter, U.S. domestic shipments declined 7.3%, while the company estimated that the broader U.S. beer industry fell 4.2%. Consolidated net sales revenues decreased 3.6% on a constant-currency basis, underscoring the impact of softer volumes. However, Molson Coors continues to expect an annual U.S. price increase of 1%-2% in 2026, alongside mix benefits from premiumization across both business units. These measures should provide some cushion against shipment declines and elevated input costs.
Nonetheless, pricing alone may not be sufficient to restore sustainable top-line growth if category demand and market-share trends remain weak. Management has acknowledged that share performance is not yet where it wants it to be and is therefore stepping up commercial execution, innovation, retail activation and brand support. Progress across Coors Banquet, Peroni, value offerings and beyond-beer brands provides additional avenues to improve mix and lessen reliance on the core beer category. The effectiveness of these initiatives, coupled with disciplined pricing, will likely determine how well Molson Coors can navigate persistent volume pressure in the second half.
TAP’s Zacks Rank & Share Price Performance
Shares of this Zacks Rank #3 (Hold) company have declined 13.9% in the past six months, underperforming the Zacks Beverages - Soft Drinks industry’s loss of 5.1% and the broader Consumer Staples sector’s fall of 3.4%.
TAP Stock's Six-Month Performance
Is TAP Stock a Value Play?
Molson Coors shares are currently trading at a forward 12-month price-to-earnings (P/E) multiple of 8.67X, at a discount compared with the industry’s average of 14.97X. The stock is undervalued compared with its industry peers, offering compelling value to investors looking for exposure to the beverage segment.
TAP P/E Ratio (Forward 12 Months)
Stocks to Consider
Darling Ingredients Inc. DAR, which is a global developer and producer of sustainable natural ingredients, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Darling Ingredients' current financial-year sales indicates growth of 12.7% from the prior-year level. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.
The Coca-Cola Company KO is a leading beverage company with a portfolio of 32 billion-dollar brands spanning sparkling beverages, water, sports drinks, dairy and value-added beverages. KO currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Coca-Cola’s current fiscal-year sales and earnings implies growth of 4.03% and 9.7%, respectively, from the year-ago reported figures. Coca-Cola delivered a trailing four-quarter earnings surprise of 4.6%, on average.
Primo Brands Corporation PRMB is a leading North American branded beverage company focused on healthy hydration. It currently has a Zacks Rank #2.
The Zacks Consensus Estimate for Primo Brands’ current fiscal-year sales indicates growth of 2.5% from the prior year’s reported levels. PRMB delivered a trailing four-quarter earnings surprise of 7.7%, on average.
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Will Pricing Help Molson Coors Offset Persistent Volume Pressure?

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Molson Coors (TAP) Q2 2026 Earnings Call Transcript

Molson Coors Beverage Company TAP posted second-quarter 2026 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. Meanwhile, earnings and revenues declined year over year.
The company’s adjusted earnings of $1.58 per share were down 22.9% year over year but beat the Zacks Consensus Estimate of $1.51. The bottom line surpassed the consensus mark by 4.6%.
Molson Coors Beverage Company Price, Consensus and EPS Surprise
Net sales declined 3.3% year over year to $3097 million but topped the consensus estimate of $3089 million by 0.3%. Lower financial volumes pressured results, while favorable pricing and sales mix offered some support. Net sales declined 3.6% on a constant currency basis.
Molson Coors’ Q2 Details
Financial volume fell 5.4% year over year, reflecting lower shipments in both the Americas and EMEA & APAC. Brand volume decreased 4.8%, including declines of 5.3% in the Americas and 3.4% in EMEA & APAC.
Price and sales mix contributed 1.8% to net sales, mainly on increased net pricing in the Americas and favorable premiumization-led mix across both business units. Net sales per hectoliter (hl) increased 2.3% on a reported basis and 2.0% in constant currency.
Gross profit declined 17.1% year over year to $1.06 billion, and the gross margin contracted 570 basis points (bps) to 34.3% in the quarter.
Marketing, general and administrative expenses (MG&A) rose 3.7% to $718.5 million. The increase reflected the comparison with lower prior-year incentive compensation and costs related to the company's global modernization ERP project. On an underlying basis, MG&A increased 3.2% in constant currency.
Underlying earnings before taxes (EBT) decreased 27.8% year over year in constant currency to $383.2 million, primarily due to lower financial volume, cost inflation related to materials, logistics and manufacturing expenses, including an approximately $40 million unfavorable impact from Midwest Premium pricing, and higher MG&A expenses. These headwinds were partly offset by increased net pricing in the Americas segment and cost-savings initiatives.
TAP’s Segmental Information
Americas: Net sales in the segment declined 4.1% year over year to $2402 million on a reported basis and on a constant-currency basis. The decline was due to lower financial volume, partially offset by favorable price and sales mix. The Zacks Consensus Estimate for the segment’s sales was pegged at $2407 million.
Americas financial volume declined 6.4%, mainly reflecting lower U.S. volumes in core and value brands and unfavorable shipment timing.
Price and sales mix benefited sales by 2.3%, supported by higher net pricing and favorable brand mix. Net sales per hectoliter rose 2.5% on a reported and constant currency basis.
EMEA & APAC: The segment’s net sales slipped 0.4% year over year to $700.2 million, as lower financial volumes more than offset favorable currency movements and improved price and sales mix. On a constant-currency basis, net sales declined 2%. The Zacks Consensus Estimate for the segment’s sales was pegged at $708 million.
Financial volume decreased 2.8%, and brand volume fell 3.4%, mainly reflecting weaker U.K. demand and an intensified competitive environment. Price and sales mix provided a 0.8% benefit, driven by premiumization but partly offset by increased promotional activity. Underlying pretax income dropped 44.3% in constant currency to $41 million, hurt by unfavorable channel mix, lower volumes and cost inflation.
TAP's Portfolio Actions Support Horizon 2030
Management highlighted continued strength in Coors Banquet and Peroni, while Fever-Tree maintained momentum. Monaco Cocktails also performed strongly in its first quarter under Molson Coors, with its top- and bottom-line contributions tracking slightly ahead of acquisition expectations.
The company also saw improved value-brand share trends following the launch of Keystone Light Apple and better performance from Miller High Life. Management plans to bring Keystone Light Apple back in the fall and is also relaunching Keystone Ice as it targets consumers seeking value and higher-alcohol offerings.
Financial Updates for TAP
Molson Coors ended the second quarter with $2.13 billion in cash and $7.71 billion in total debt, resulting in net debt of $5.58 billion. Its net debt-to-underlying EBITDA ratio was 2.53 times. The company paid $211 million for share repurchases during the first half.
Net cash provided by operating activities totaled $820.4 million for the first six months of 2026, up from $627.6 million a year earlier. Underlying free cash flow improved $220.3 million to $513.8 million, helped by stronger operating cash flow and lower capital expenditures.
TAP Reaffirms Its 2026 Outlook
TAP reaffirmed its 2026 guidance despite continued commodity, logistics and macroeconomic pressures. Molson Coors expects net sales to be broadly flat on a constant-currency basis, within a range of plus or minus 1% compared with 2025. Underlying EBT is anticipated to decline in the range of 15-18%, while underlying EPS is anticipated to decrease 11-15%.
It expects underlying depreciation and amortization to be $720 million, plus or minus 5%. The company forecasts an underlying effective tax rate of 22-24% for 2026. Underlying net interest expenses are anticipated to be $260 million (plus or minus 5%).
TAP estimates a capital expenditure of $650 million (plus or minus 5%) for 2026. The underlying free cash flow is expected to be $1.1 billion, plus or minus 10%. Management expects Midwest Premium inflation to exceed $130 million for the full year and anticipates lower MG&A expenses in the second half as it continues cost-management initiatives.
Shares of this Zacks Rank #4 (Sell) company have lost 16.7% in the past six months against the industry’s 2.7% growth.
TAP Stock's 6-Month Price Performance
Image Source: Zacks Investment Research
Stocks to Consider
The Vita Coco Company Inc. COCO is the leading coconut water brand in the United States, leveraging its strong brand equity, expanding global presence and asset-light business model to capitalize on the growing demand for healthier hydration beverages. COCO currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for Vita Coco’s current fiscal-year sales and earnings implies growth of 31.6% and 64.7%, respectively, from the year-ago reported figures. COCO has delivered a trailing four-quarter earnings surprise of 21.9%, on average.
The Coca-Cola Company KO is a leading beverage company with a portfolio of 32 billion-dollar brands spanning sparkling beverages, water, sports drinks, dairy and value-added beverages. KO currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Coca-Cola’s current fiscal-year sales and earnings implies growth of 3.6% and 9.7%, respectively, from the year-ago reported figures. Coca-Cola delivered a trailing four-quarter earnings surprise of 4.6%, on average.
Primo Brands Corporation PRMB is a leading North American branded beverage company focused on healthy hydration. It currently has a Zacks Rank #2.
The Zacks Consensus Estimate for Primo Brands’ current fiscal-year sales indicates growth of 1.6% from the prior year’s reported levels. PRMB delivered a trailing four-quarter earnings surprise of 7.7%, on average.
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Molson Coors Q2 Earnings Beat Estimates on Pricing and Cost Savings

Key Points
Buffeted by some strong headwinds in its business, the company nevertheless beat on both the top and bottom lines in its second quarter.
It also maintained its full-year guidance.
Thursday morning, Molson Coors (NYSE: TAP) poured out a quarterly earnings report that was greeted with mild optimism by Mr. Market. Shares of the veteran beer conglomerate rose by slightly over 1% over that day's trading session, in positive contrast to the marginal decline of the benchmark S&P 500 index.
Not such a frothy market these days
In its second quarter, Molson Coors booked net sales of just under $3.1 billion, for a 3% year-over-year decline. That was on the back of a nearly 5% slide in brand volume, i.e., the amount of beer sold by the company's distributors to retailers.
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The company's "underlying" net income not under generally accepted accounting principles (non-GAAP, or adjusted) fell more steeply, landing at just under $279 million ($1.58 per share) from the year-ago profit of over $412 million.
The two line items topped the analyst estimates of $3.09 billion for revenue and $1.52 per share for adjusted net income.
Molson Coors was affected not only by volume declines, but what it said were "both expected and unexpected headwinds." Notably, these included higher prices for commodities essential to making its beverages.
Improvements on the horizon?
In its earnings report, Molson Coors maintained its guidance for the entirety of 2026. The company continues to expect that net sales for the year will be 1% lower to 1% higher than the 2025 tally, with adjusted earnings per share falling by 11% to 15%.
I don't find much of this encouraging, especially given that beer sales in the company's core market, the U.S., have grown sluggishly or fallen in the post-COVID era.
That being said, the company only recently introduced its Horizon 2030 business revitalization and cost-reduction initiative, and folks bullish on the company would do well to watch how and whether that bolsters its fundamentals.
Should you buy stock in Molson Coors Beverage right now?
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Molson Coors Stock Inched Higher Today

Molson Coors Brewing (TAP) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $2.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.64%. A quarter ago, it was expected that this beer maker would post earnings of $0.36 per share when it actually produced earnings of $0.62, delivering a surprise of +72.22%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Molson Coors, which belongs to the Zacks Beverages - Alcohol industry, posted revenues of $3.1 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.24%. This compares to year-ago revenues of $3.2 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Molson Coors shares have lost about 10.3% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for Molson Coors?
While Molson Coors has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Molson Coors was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.51 on $2.97 billion in revenues for the coming quarter and $4.77 on $11.09 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Beverages - Alcohol is currently in the bottom 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Brown-Forman B (BF.B), another stock in the same industry, has yet to report results for the quarter ended July 2026. The results are expected to be released on September 2.
This company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of +5.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Brown-Forman B's revenues are expected to be $922.86 million, down 0.1% from the year-ago quarter.
Should You Invest in Molson Coors Beverage Company (TAP)?
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Molson Coors Brewing (TAP) Surpasses Q2 Earnings and Revenue Estimates

The beverage industry is set for a busy earnings week as several leading companies prepare to report second-quarter 2026 results. Investors will closely monitor how consumer demand, pricing strategies, input-cost inflation and shifting consumption patterns influence the results in the second quarter. While beverage companies have demonstrated resilience in recent years through pricing actions and portfolio diversification, the operating environment has been challenging.
A key trend heading into earnings is the normalization of pricing. After relying on multiple rounds of price increases to offset inflation, beverage companies have been increasingly shifting their focus toward volume-led growth. Consumers have become more value-conscious amid persistent macroeconomic uncertainty, making it harder for companies to push through additional price hikes without affecting demand. As a result, investors will closely watch whether volumes improved enough to support revenue growth.
Premiumization remains another important theme across the industry. Companies have been investing in premium brands, energy drinks, functional beverages, bottled water and ready-to-drink offerings to capture evolving consumer preferences. At the same time, traditional categories such as carbonated soft drinks, beer and spirits face slower demand growth as consumers increasingly prioritize healthier alternatives or moderate alcohol consumption.
Margin trends also remain in focus. Although commodity costs have eased from their peak, expenses related to aluminum, packaging materials, transportation and marketing continue to pressure profitability. Companies are expected to have relied on productivity initiatives, supply-chain efficiencies and disciplined cost management to protect margins.
Investors will seek updates on international demand, foreign exchange impacts and the evolving trade environment, including tariffs that are likely to have influenced costs and consumer spending. Management commentary on the second-half outlook will be especially important, offering insight into demand trends, promotional activity and the industry's ability to balance growth with profitability in an increasingly competitive marketplace.
Q2 Earnings Outlook: Beverage Stocks in Focus
Overall, the earnings outlook for companies in the beverage industry appears mixed. The industry is part of the Zacks Consumer Staples sector, which currently ranks 16 of the 16 Zacks sectors, suggesting a relatively cautious backdrop heading into the upcoming results.
Per the latest Zacks Earnings Trends, the Consumer Staples sector’s second-quarter earnings are expected to increase 6.3% year over year, with revenues advancing 5.1%.
That said, let us take a look at four Beverage stocks, which are scheduled to report results this week. Our research shows that for stocks with the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), the chance of a positive earnings surprise is high. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Primo Brands Corporation’s PRMB second-quarter 2026 performance is likely to have benefited from strong demand for healthy hydration products, supported by wellness trends, brand investments, innovation and premiumization. Efforts to strengthen direct delivery through better service, retention, digital capabilities and supply-chain execution may also have supported results.
Retail expansion, improved shelf presence, broader refill and exchange networks, strategic pricing, and growing e-commerce reach likely aided sales. However, profitability may have been under pressure from higher costs for plastic resins, PET, diesel and propane, along with elevated freight, transportation and logistics expenses. A higher route count to improve service levels may have further weighed on the margins.
Our proven model conclusively predicts an earnings beat for Primo Brands this time around. The company has a Zacks Rank #2 and an Earnings ESP of +16.51% at present. (Read More: Primo Brands' Q2 Earnings Coming Up: Here's What Lies Ahead)
Primo Brands Corporation Price and EPS Surprise
Monster Beverage Corporation’s MNST second-quarter 2026 performance is likely to have benefited from continued strength in the global energy drink category, supported by healthy consumption trends, expanding household penetration and growing demand for functional beverages. Product innovation, including new flavors, zero-sugar offerings and wellness-focused brands, along with effective pricing actions and disciplined promotional spending, likely supported revenue growth.
International markets remained a key growth driver, aided by expanding distribution and market share gains. However, profitability may have faced pressure from higher aluminum and freight costs, an unfavorable geographic sales mix, and continued investments in digital initiatives, brand building and employee compensation.
Our proven model conclusively predicts an earnings beat for Monster Beverage this time around. The company has a Zacks Rank #3 and an Earnings ESP of +2.61% at present. (Read More: Monster Beverage Gears Up for Q2 Earnings: Here's What You Should Know)
Monster Beverage Corporation Price and EPS Surprise
Molson Coors Beverage Company’s TAP second-quarter 2026 performance is likely to have been pressured by lower U.S. shipments, brewery downtime, glass supply constraints, inventory timing and weakness in parts of its value portfolio. Competitive pressure on Miller Lite, along with higher aluminum, fuel and operating costs, may also have weighed on revenues, earnings and margins.
However, continued momentum in the Beyond Beer portfolio, including Fever-Tree, Topo Chico Hard and the contribution from Monaco Cocktails, likely provided some support. The company’s Horizon 2030 strategy, cost-saving initiatives, operating model improvements and disciplined capital allocation are expected to enhance efficiency and support longer-term earnings growth over time.
Our proven model does not conclusively predict an earnings beat for Molson Coors this time around. The company has a Zacks Rank #4 (Sell) and an Earnings ESP of +0.65% at present. (Read More: Molson Coors Q2 Earnings Approaching: Will It Surprise Investors?)
Molson Coors Beverage Company Price and EPS Surprise
Keurig Dr Pepper Inc.’s KDP second-quarter 2026 performance is likely to have benefited from consistent execution, a resilient brand portfolio and continued market-share gains across carbonated soft drinks, energy, sports hydration and coffee. Strength in the Refreshment Beverages segment, supported by innovation, disciplined pricing, precision marketing and effective in-market activation, likely aided revenue growth.
The company’s solid cash flow, cost visibility and strategic focus also support continued portfolio investment and shareholder returns. However, weakness in the U.S. Coffee segment is expected to have weighed on the company’s quarterly performance, reflecting lower volumes, softer brewer shipments, elevated green coffee costs, tariffs and delays in passing higher costs through pricing.
Our proven model does not conclusively predict an earnings beat for Keurig Dr Pepper this time around. The company has a Zacks Rank #3 and an Earnings ESP of -1.82% at present. (Read More: Keurig Dr Pepper Q2 Earnings Approaching: Will It Surprise Investors?)
Keurig Dr Pepper, Inc Price and EPS Surprise
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Watch These 4 Beverage Stocks as Q2 Earnings Take Center Stage

Brown-Forman B (BF.B) shares ended the last trading session 5.5% higher at $28.9. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.2% loss over the past four weeks.
The Brown-Forman shares moved higher after the company disclosed that it had received an unsolicited acquisition proposal from privately held spirits company Sazerac. Although Brown-Forman’s board, supported by its controlling shareholder group, Wolf Pen Branch, determined that the proposal was “not actionable” and reaffirmed its commitment to remaining independent, investors viewed the disclosure as highlighting the company’s strategic value. The announcement also fueled speculation that a higher bid or renewed acquisition interest could emerge in the future. Management reiterated confidence in its long-term growth strategy, brand portfolio, geographic expansion and operational initiatives aimed at enhancing shareholder value.
This company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of +5.6%. Revenues are expected to be $922.86 million, down 0.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Brown-Forman B, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BF.B going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Brown-Forman B is part of the Zacks Beverages - Alcohol industry. Molson Coors Brewing (TAP), another stock in the same industry, closed the last trading session 3.4% higher at $42.51. TAP has returned 3.5% in the past month.
For Molson Coors, the consensus EPS estimate for the upcoming report has changed -0.5% over the past month to $1.52. This represents a change of -25.9% from what the company reported a year ago. Molson Coors currently has a Zacks Rank of #4 (Sell).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	0.00 18.86
Price/Sales	0.69 0.74
P/B	0.72 1.79
P/FCF	5.75 16.26

Indicator	TTM Median
ROE	0.00 14.31
ROA	0.00 6.34
ROI	0.00 9.04
Net Worth	7.46 1.27
Quick Ratio	0.38 0.81
Current Ratio	0.88 1.31

Indicator	TTM Median
Net Profit Margin	0.00 6.17
Operating Margin	0.00 8.56
Gross Margin	38.62 33.36
Return on tangible equity	0.00 23.71

Indicator	TTM Median
EPS	1.58 0.65
EPS Forecast	1.51 0.53
Revenue	2.35B 130.50M
Gross Profit	1.06B —
EBITDA	528.00M —

Molson Coors Beverage Company

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