Molson Coors Beverage Company (TAP) reported a substantial third-quarter net loss of $2.93 billion, or $14.79 per share, a significant reversal from prior-year earnings, alongside an 11.6% decrease in underlying net income to $1.60 per share, missing analyst estimates. Net sales also declined 2.3% to $2.97 billion. Looking ahead, the company provided a conservative full-year 2025 outlook, forecasting a 3-4% constant currency net sales decline and a 7-10% reduction in underlying adjusted earnings per share, which saw shares trade slightly lower in pre-market activity.
Molson Coors Beverage Company (TAP) reported a substantial third-quarter net loss of $2.93 billion, or $14.79 per share, a significant reversal from the prior year's net earnings of $199.8 million. This dramatic decline was primarily driven by a non-cash impairment charge, overshadowing an 11.6% decrease in underlying net income to $1.60 per share, which notably missed analyst expectations of $1.70 per share. The company also experienced a 2.3% year-over-year decline in net sales, reaching $2.97 billion, alongside a reduction in underlying adjusted EBITDA to $665.4 million from $692.3 million. These figures indicate broader operational headwinds impacting top-line growth and profitability. Looking ahead, Molson Coors provided a pessimistic full-year 2025 outlook, forecasting a 3-4% decline in constant currency net sales and a 7-10% reduction in underlying adjusted earnings per share. This negative guidance, coupled with the weak Q3 results, led to a modest 0.49% decline in shares during pre-market trading, settling at $43.01.
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extremely negative
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