News & Events zu Molson Coors Beverage Co (TAP)TAPMolson Coors Beverage Co

Molson Coors Launches $2 Billion Senior Notes Public Offering

Molson Coors Beverage Company commenced an underwritten public offering of U.S. dollar-denominated senior notes. The Offering is expected to close on or about May 27, 2026, subject to customary closing conditions. Molson Coors intends to use the net proceeds of the Offering for general corporate purposes, including the repayment of the $2B 3.00% Senior Notes due 2026. Citigroup Global Markets Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC are acting as joint book-running managers for the Offering.

Futures Modestly Higher as Tech Stocks Shine

Futures are modestly higher as the market figures out how to price strong earnings against a less certain rate outlook. Investors are digesting a wave of mega-cap earnings alongside the Federal Reserve's latest policy signals. The spotlight remains on technology after results reinforced the strength of AI-driven demand.On the policy front, the Federal Reserve held rates steady as expected, but the tone of guidance leaned more cautious than markets had hoped. Policymakers acknowledged persistent inflation risks, particularly tied to elevated energy prices, which complicates the timeline for potential rate cuts.Leadership continues to be concentrated in a handful of large-cap names, while more cyclical and consumer-sensitive sectors are showing signs of fatigue. Higher fuel costs and tighter financial conditions are beginning to weigh on discretionary spending narratives.In pre-market trading, S&P 500 futures rose 0.47%, Nasdaq futures rose 0.63% and Dow futures rose 0.67%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Wescoup 17%Qualcommup 10%Textronup 7%Alphabetup 7%Eli Lillyup 6%Caterpillarup 6%Royal Caribbeanup 6%Amazonup 3%Molson Coorsup 2%Altria Groupup 2%Fortiveup 1%Hyattup 1%DOWN AFTER EARNINGS -Check Pointdown 10%Meta Platformsdown 8%Crocsdown 3%MasterCarddown 2%Wayfairup 2%ConocoPhillipsdown 1%Tenet Healthcaredown 1%Microsoftdown 1%Sirius XMdown 1%

Company Expects Flat Net Sales for 2026, Pre-Tax Income to Decline 15%-18%

The company said, "We continue to expect to achieve the following targets for full year 2026 despite the inherent uncertainties that exist with inflationary commodity cost pressures and uncertainty in the global macroeconomic environment. Net sales: flat, plus or minus 1% versus 2025 on a constant currency basis. Underlying income 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: $650M incurred, plus or minus 5%. Underlying free cash flow: $1.1B, plus or minus 10%. Underlying depreciation and amortization: $720M, plus or minus 5%. Consolidated net interest expense: $260M, plus or minus 5%. Underlying effective tax rate: in the range of 22% to 24% for 2026. The Company's outlook includes the following considerations: In the second quarter, U.S. financial volumes are expected to be between 6% and 9% lower than 2025, trailing anticipated brand volume trends. Financial volumes are expected to outpace brand volumes in the second half of the year. In COGS, the cost of Midwest Premium is expected to be inflationary in each quarter of the year, with the largest increase currently expected in the second quarter. MG&A expenses are expected to increase compared to 2025 during the second through fourth quarters, driven by higher incentive compensation expenses with the most significant increase expected in the second quarter."