Molson Coors Q3 sales fall 1.6% to $2.93 billion

Molson Coors Beverage (NYSE:TAP) reported third-quarter 2026 net sales of $2.93 billion, down 1.6% year over year, while underlying diluted EPS fell 12.6% to $1.46.

Revenue missed the $2.94 billion analyst estimate, although adjusted EPS exceeded the $1.45 consensus estimate by $0.01, as weaker beer volumes and higher costs affected performance.

Underlying income before income taxes declined 18.1% to $349 million, while global brand volume fell 4.9%, including declines of 5.3% in the Americas and 3.8% in EMEA and Asia Pacific; higher materials, logistics and manufacturing costs also affected profitability.

Molson Coors lowered its 2026 constant-currency sales outlook to a 1%–2% decline from approximately flat growth, reduced expected underlying EPS growth to a 16%–19% decline from 11%–15% and cut underlying free cash flow guidance to $1 billion, plus or minus 10%.

Following the announcement, shares fell approximately 3.36% in premarket trading.

Molson Coors produces and distributes beer and other beverages through brands including Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Blue Moon and Staropramen, alongside non-beer products such as flavored beverages and spirits.