Overview

* Molson Coors ( TAP/A ) Q3 net sales fell 2.3%, missing analyst expectations

* Adjusted EPS for Q3 decreased 7.2%, missing consensus estimates

* Company reported a $3.65 bln goodwill impairment charge, impacting net income

Outlook

* Company expects 2025 net sales to decline 3% to 4% in constant currency

* Molson Coors ( TAP/A ) sees 2025 underlying EPS declining 7% to 10%

* Company anticipates 2025 underlying income before taxes to fall 12% to 15%

Result Drivers

* GOODWILL IMPAIRMENT - A $3.65 bln partial goodwill impairment charge significantly impacted U.S. GAAP loss before income taxes

* LOWER FINANCIAL VOLUME - Decline in financial volume due to lower shipments in Americas and EMEA&APAC segments

* COST INFLATION - Cost inflation related to materials and manufacturing expenses pressured underlying income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $2.97 $3.02

bln bln (14

Analysts

)

Q3 Miss $1.67 $1.70

Adjusted (15

EPS Analysts

)

Q3 EPS -$14.79

Q3 $330.80

Adjusted mln

Net

Income

Q3 Net -$2.92

Income bln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 14 "hold" and 2 "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 $52.00, about 16.9% above its November 3 closing price of $43.22

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

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)