Overview

* Molson Coors ( TAP/A ) Q2 net sales fell 1.6% but beat analyst expectations

* Adjusted EPS rose 6.8%, surpassing estimates, per LSEG data

* Co lowered full-year guidance due to macroeconomic challenges

Outlook

* Molson Coors ( TAP/A ) expects 3%-4% decline in 2025 net sales on constant currency

* Company forecasts 12%-15% decline in 2025 underlying income before taxes

* Molson Coors ( TAP/A ) anticipates 7%-10% decline in 2025 underlying EPS

* Company maintains 2025 free cash flow guidance at $1.3 bln, plus or minus 10%

Result Drivers

* MACROECONOMIC PRESSURES - Co says results impacted by macroeconomic environment and lower U.S. share performance

* CONTRACT BREWING EXIT - Discontinuation of contract brewing arrangements in Americas affected financial volumes

* PRICE AND MIX GROWTH - Strong price and sales mix growth partially offset volume declines

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $3.20 $3.10

bln bln (13

Analysts

)

Q2 Beat $2.05 $1.83

Adjusted (14

EPS Analysts

)

Q2 Beat $412.30 $369.40

Adjusted mln mln (10

Net Analysts

Income )

Q2 Net $428.70

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 16 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the brewers peer group is "buy."

* Wall Street's median 12-month price target for Molson Coors Beverage Co ( TAP/A ) is $57.00, about 14.7% above its August 4 closing price of $48.61

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)