Molson Coors Beverage Company reported 2025 fourth quarter and full year results on February 18, 2026. The company reported a full year net loss of 2.14 billion dollars per share, driven by a 3.65 billion dollar non-cash goodwill impairment charge and 273.9 million dollars in intangible asset impairment charges. Fourth quarter net sales decreased 2.7 percent reported and 4.0 percent in constant currency. Full year net sales decreased 4.2 percent reported and 4.8 percent in constant currency. The company forecasts 2026 earnings per share to decline 11 to 15 percent year over year. Management cited macroeconomic challenges, rising commodity input costs, and industry headwinds as pressures on results. The company raised its quarterly dividend to 0.48 dollars per share and doubled its stock buyback authorization to 4 billion dollars. Multiple analysts lowered price targets following the earnings report.
Read full analysisMolson Coors Beverage Company reported 2025 fourth quarter and full year results on February 18, 2026. The company reported a full year net loss of 2.14 billion dollars per share, driven by a 3.65 billion dollar non-cash goodwill impairment charge and 273.9 million dollars in intangible asset impairment charges. Fourth quarter net sales decreased 2.7 percent reported and 4.0 percent in constant currency. Full year net sales decreased 4.2 percent reported and 4.8 percent in constant currency. The company forecasts 2026 earnings per share to decline 11 to 15 percent year over year. Management cited macroeconomic challenges, rising commodity input costs, and industry headwinds as pressures on results. The company raised its quarterly dividend to 0.48 dollars per share and doubled its stock buyback authorization to 4 billion dollars. Multiple analysts lowered price targets following the earnings report.
Molson Coors is one of the world's largest brewers, producing brands including Coors Light, Miller Lite, and Blue Moon. The company relies heavily on aluminum for canning, making it particularly exposed to tariff-driven cost increases, while the broader beer industry faces structural headwinds from Gen Z's reduced alcohol consumption and the appetite-suppressing effects of GLP-1 drugs. Its FY2026 guidance came in roughly 14% below consensus, triggering the current multi-day selloff.