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Molson Coors Beverage (TAP) guidance and outlook
Molson Coors Beverage (TAP) reaffirmed its guidance on Nov 5, 2026: Revenue +1% to +2% for FY2026; EPS +11% to +15% for FY2026; Capital expenditures $650M for FY2026; Interest expense $247M–$273M for FY2026. Molson Coors Beverage's 10-Q filed Nov 5, 2026 makes 13 forward-looking statements, 6 of them new and 2 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | +1% to +2% | new |
| EPS | FY2026 | +11% to +15% | reaffirmed |
| Capital expenditures | FY2026 | $650M | reaffirmed |
| Free cash flow | FY2026 | $900M–$1.1B | new |
| Depreciation & amortization | FY2026 | $684M–$756M | new |
| Interest expense | FY2026 | $247M–$273M | reaffirmed |
| Tax rate | FY2026 | 22%–24% | reaffirmed |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- new · Further, we have experienced a tightening of the freight market in the U.S. and expect this to continue in the near term.
- We plan to continue to evaluate and implement strategies which are designed to help mitigate the impact on our business, consolidated results of operations and financial condition while continuing to support our long-term strategic growth and capital allocation priorities, including but not limited to hedging commodities as well as cost savings programs and initiatives.
- new · As of the date of this report, we do not anticipate that this development will have a material impact on our results of operations for the year ended December 31, 2026.
- new · We expect this unfavorable impact to continue the remainder of 2026 and as a result, we anticipate Midwest Premium pricing to have an approximate $130 million unfavorable impact on our cost of goods sold for the year ending December 31, 2026 when compared to prior year.
- new · MG&A expenses decreased 7.7% for the three months ended September 30, 2026, compared to prior year, primarily due to lower marketing expense as a result of targeted cost reductions as well as cost savings initiatives including lower employee-related costs due to restructuring activities, partially offset by costs incurred related to our global modernization ERP system implementation project.
- updated · MG&A expenses decreased 3.5% for the nine months ended September 30, 2026, compared to prior year, primarily due to lower marketing expense as a result of targeted cost reductions, the cycling of approximately $30 million of integration and transition fees from the Fevertree USA, Inc. acquisition in the prior year, as well as cost savings initiatives including lower employee-related costs due to restructuring…
- new · Lower MG&A was primarily driven by lower marketing expense due to targeted cost reductions and cost savings initiatives, including lower employee-related costs from our Americas Restructuring Plan, partially offset by higher incentive compensation and costs incurred related to our global modernization ERP system implementation project.
- Lower MG&A was primarily driven by lower marketing expense due to targeted cost reductions, cost savings initiatives including lower employee-related costs from our Americas Restructuring Plan and the cycling of approximately $30 million of integration and transition fees from the Fevertree USA, Inc. acquisition in the prior year, partially offset by higher incentive compensation and costs incurred related to our…
- We currently believe that our cash and cash equivalents, cash flows from operations and cash provided by short-term and long-term borrowings, when necessary, will be adequate to meet our ongoing operating requirements, scheduled principal and interest payments on debt, anticipated dividend payments, capital expenditures and other obligations for the twelve months subsequent to the date of the issuance of this…
- new · The increase in cash used in investing activities was primarily due to our current year acquisition of Atomic Brands, Inc. of approximately $275 million, partially offset by the cycling of our prior year investment in Fevertree Drinks plc of $88 million and the prior year acquisition of Fevertree USA, Inc. as well as lower capital expenditures as a result of the timing of capital projects.
- We intend to further utilize our cross-border, cross-currency cash pool as well as our commercial paper programs for liquidity as needed.
- Our current long-term credit ratings are BBB/Stable Outlook, Baa1/Stable Outlook and BBB/Stable Outlook with Standard & Poor's, Moody's and DBRS, respectively.
Molson Coors Beverage's latest quarter
Molson Coors Beverage, Q3 2026: revenue $3.4B (-2% year over year), operating margin 11.5%, net earnings $272M, operating cash flow $460M. The chart follows the revenue to costs, profit and cash.
Questions
Did Molson Coors Beverage raise or lower its guidance?
Molson Coors Beverage (TAP) reaffirmed its guidance on Nov 5, 2026: Revenue +1% to +2% for FY2026; EPS +11% to +15% for FY2026; Capital expenditures $650M for FY2026; Interest expense $247M–$273M for FY2026.
What does Molson Coors Beverage expect?
Further, we have experienced a tightening of the freight market in the U.S. and expect this to continue in the near term. As of the date of this report, we do not anticipate that this development will have a material impact on our results of operations for the year ended December 31, 2026. We expect this unfavorable impact to continue the remainder of 2026 and as a result, we anticipate Midwest Premium pricing to have an approximate $130 million unfavorable impact on our cost of goods sold for the year ending December 31, 2026 when compared to prior year.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.