Molson Coors Beverage Co (TAP.A) News & EventsTAP.AMolson Coors Beverage Co

Molson Coors Offers Update on Financial Goals for 2025

"We continue to expect to achieve the following key financial targets for full year 2025 and we anticipate being at the low end of the range for certain of those key metrics: Net sales (high to low end of range): 3% to 4% decline on a constant currency basis anticipating being at the low end of the range. Underlying (Non-GAAP) income (loss) before income taxes (high to low end of range): 12% to 15% decline on a constant currency basis anticipating being at the low end of the range. Underlying (Non-GAAP) diluted earnings per share (high to low end of range): 7% to 10% decline anticipating being at the low end of the range. Underlying (Non-GAAP) net interest expense: $225 million, plus or minus 5%. Capital expenditures: $650 million incurred, plus or minus 5%. Underlying (Non-GAAP) free cash flow: $1.3 billion, plus or minus 10% anticipating being at the low end of the range. Underlying (Non-GAAP) depreciation and amortization: $675 million, plus or minus 5%. Underlying (Non-GAAP) effective tax rate: in the range of 22% to 24%."

Molson Coors announces Q3 adjusted EPS of $1.67, falling short of consensus estimate of $1.70

Reports Q3 revenue $2.97B, consensus $3.01B. Rahul Goyal, President and Chief Executive Officer Statement: "Our third quarter performance was largely aligned with our expectations for the second half of the year for the industry and our share performance in the U.S. We continue to believe that the incremental softness in the industry this year is cyclical. And we believe we are well positioned with a healthy balance sheet, strong free cash flow, and great brands that serve a wide range of consumer occasions and preferences to help us navigate these near-term macroeconomic headwinds while investing in our business to support long-term growth."

Prominent companies set to report ahead of tomorrow's market opening

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