S&P 500
7,463.20
+0.14%
Dow Jones
52,408.60
+0.21%
Nasdaq 100
29,868.30
+0.23%
Russell 2000
3,016.02
+0.22%
FTSE 100
10,611.50
+0.68%
Nikkei 225
69,959.80
-0.98%
Molson Coors

Molson Coors (TAP) Q4 2025 Earnings

Reported Feb 18, 2026 at 4:12 PM ET · SEC Source

Q4 25 EPS

$1.21

BEAT +4.94%

Est. $1.15

Q4 25 Revenue

$2.66B

MISS 1.73%

Est. $2.71B

vs S&P Since Q4 25

-23.7%

TRAILING MARKET

TAP -15.5% vs S&P +8.3%

Full Year 2025 Results

FY 25 EPS

$5.42

BEAT +0.98%

Est. $5.37

FY 25 Revenue

$11.14B

MISS 0.35%

Est. $11.18B

Market Reaction

Did TAP Beat Earnings? Q4 2025 Results

Molson Coors delivered a mixed fourth quarter for fiscal 2025, squeezing out a bottom-line beat while falling short on the top line amid persistent volume pressure across its core markets. The brewer reported underlying diluted EPS of $1.21, clearing… Read more Molson Coors delivered a mixed fourth quarter for fiscal 2025, squeezing out a bottom-line beat while falling short on the top line amid persistent volume pressure across its core markets. The brewer reported underlying diluted EPS of $1.21, clearing the $1.16 consensus estimate by 4.31%, but net sales of $2.66 billion came in 1.46% below expectations and declined 2.7% year over year, as an 8.5% drop in Americas financial volume, driven largely by a 5.1% decline in U.S. Brand volumes, weighed heavily on results. Favorable pricing and sales mix provided only partial relief against the volume shortfall and roughly $35 million in unfavorable Midwest Premium aluminum surcharges. Looking ahead, management's 2026 outlook offers little near-term comfort, with the company guiding for flat net sales but an 11% to 15% decline in underlying EPS, pressured by continued commodity inflation. A newly announced three-year cost savings program targeting up to $450 million is expected to begin offsetting those headwinds starting in 2026, alongside a $2 billion expansion of the company's share repurchase authorization.

Key Takeaways

  • • Lower financial volumes driven by macroeconomic softness and industry weakness, particularly in the U.S.
  • • Favorable price and sales mix partially offsetting volume declines, with net sales per hectoliter up 5.5% reported
  • • Cost inflation in materials and manufacturing including approximately $20 million unfavorable Midwest Premium aluminum pricing impact in Q4
  • • Lower short-term incentive compensation expense of approximately $30 million in Q4
  • • EMEA&APAC underlying pretax income surged 114.5% in constant currency driven by lower MG&A and increased net pricing
  • • U.S. brand volumes declined 5.1% due to industry softness and lower share performance in above premium and premium segments
  • • Americas financial volume declined 8.5% including approximately 2% impact from lower contract brewing and approximately 2% from lower distributor inventories
24/7 Wall St

TAP YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

TAP Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
24/7 Wall St

TAP Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Despite a number of macroeconomic issues impacting our industry and our category, we navigated a tough year to protect and deliver on our revised bottom-line expectations while narrowly missing our top-line guidance. We have a solid platform with our brands, infrastructure and people, and a strong balance sheet to weather this macro volatility. We made the necessary difficult decisions in our business to course correct and set ourselves up for the future. Our iconic brands resonate with consumers, and we are excited about our plans to unite people around our portfolio.”

— Rahul Goyal, Q4 2025 Earnings Press Release

Back to TAP Stock Page