TAP · Molson Coors Beverage Co
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Molson Coors reported a sharp Q2 decline (net sales -3.6% constant currency, underlying pre-tax income -27.8%) as U.S. industry shipments fell 7.3% and Midwest Premium inflation was raised to over $150M for the year, but management reaffirmed full-year 2026 guidance and highlighted strong early results from the Monaco Cocktails acquisition.
- + Monaco Cocktails delivered strong first full-quarter performance, tracking ahead of acquisition expectations.
- + Coors Banquet and Peroni continued to perform well, driving growth across regions.
- + Value-brand share trends improved, supported by the successful launch of Keystone Light Apple.
- + Net debt to underlying EBITDA improved to 2.53x, approaching the under-2.5x year-end target.
- + Cost savings program is progressing on the previously announced three-year $450 million plan.
- − Net sales declined 3.6% in constant currency in Q2.
- − Financial volume fell 5.4% and U.S. domestic shipments declined 7.3%.
- − Underlying pre-tax income fell 27.8% and underlying EPS fell 22.9% in Q2.
- − U.S. GAAP income before income taxes dropped 49.0% to $283.1 million.
- − EMEA&APAC underlying pre-tax income fell 44.3% in constant currency, reflecting soft UK demand and heightened promotional activity.
- − The U.S. beer industry declined an estimated 4.2% in Q2.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Brand volume | 19.63M | Q2 FY2026 | — |
| Cash dividends paid | $183.7M | H1 2026 | — |
| Financial volume | 19.73M | Q2 FY2026 | — |
| Financial volume change | -6.4% | Q2 2026 | — |
| Net debt (Non-GAAP) non-GAAP | $5.58B | As of June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP U.S. GAAP Current portion of long-term debt and short-term borrowings 2.04B
+5.67B Add: Long-term debt
-2.13B Less: Cash and cash equivalents
= Net debt (Non-GAAP) 5.58B
|
|||
| Net debt (Non-GAAP) to underlying (Non-GAAP) EBITDA ratio non-GAAP | 2.53 | As of June 30, 2026 | — |
| Net sales per hectoliter increase | 2.5% | Q2 2026 | — |
| Share repurchases | $211M | H1 2026 | — |
| Underlying (Non-GAAP) depreciation and amortization non-GAAP | $353.8M | Six months ended June 30, 2026 | — |
| Underlying (Non-GAAP) EBITDA non-GAAP | $2.21B | Trailing twelve months as of June 30, 2026 | — |
| Underlying (Non-GAAP) effective tax rate non-GAAP | 22% | Q2 FY2026 | — |
| Underlying free cash flow non-GAAP | $513.8M | H1 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Beverages - Brewers — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TAP
this stock
Molson Coors Beverage Co
|
$6.35B | -21.0% | -9.9% | — | 16.9% |
|
BUD
Anheuser-Busch InBev SA/NV
|
$146.29B | +14.7% | — | — | 0.4% |
|
ABEV
Ambev S.A.
|
$44.48B | +21.1% | — | — | 0.9% |
|
FMX
Mexican Economic Development Inc
|
$40.75B | +14.5% | — | — | 0.5% |
|
HKHHY
Heineken Holding N V
|
$20.91B | -1.6% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TAP | +2.5% | -9.1% | -17.5% | +1.1% | -21.0% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +2.8% | -8.7% | -29.6% | +0.2% | -33.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.