The brewer behind Miller Lite and Blue Moon reported weaker demand, lower volumes and higher supply costs, but topped revenue and adjusted EPS estimates, improved first-half free cash flow and reaffirmed 2026 guidance.
Molson Coors Beverage Co. reported second-quarter 2026 net sales of $3.097 billion, down 3.3% from a year earlier, as sluggish customer demand, lower volumes and higher supply costs weighed on results. GAAP profit fell to $231.7 million, or $1.23 a share, from $428.7 million, or $2.13 a share, a year earlier, while adjusted diluted EPS declined 22.9% to $1.58 but beat the $1.51 analyst estimate. Revenue also topped the $3.081 billion consensus estimate, and the company reaffirmed full-year guidance for adjusted EPS, constant-currency sales and underlying free cash flow. Management said stronger first-half cash generation and Monaco Cocktails tracking slightly ahead of expectations supported sentiment, even as elevated aluminum-related costs and weaker brand performance remained headwinds.