Molson Coors Brewing (TAP) Tops Q4 EPS by 5c; offers outlook

Molson Coors Brewing (NYSE: TAP) reported Q4 EPS of $1.21, $0.05 better than the analyst estimate of $1.16. Revenue for the quarter came in at $2.66 billion versus the consensus estimate of $2.72 billion.

2026 OUTLOOK

We expect to achieve the following targets for full year 2026 despite the inherent uncertainties that exist with inflationary commodity cost pressures and a softer beer industry.

Net sales: flat, plus or minus 1% versus 2025 on a constant currency basis.
Underlying income (loss) before income taxes: decline in the range of 15% to 18% versus 2025 on a constant currency basis.
Underlying earnings per share: decline in the range of 11% to 15% versus 2025.
Capital expenditures: $650 million incurred, plus or minus 5%.
Underlying free cash flow: $1.1 billion, plus or minus 10%.
Underlying depreciation and amortization: $720 million, plus or minus 5%.
Consolidated net interest expense: $260 million, plus or minus 5%.
Underlying effective tax rate: in the range of 22% to 24% for 2026.

For earnings history and earnings-related data on Molson Coors Brewing (TAP) click here.

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