)
Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Molson Coors Beverage Company
Molson Coors Beverage Company (TAP) investor relations material
Molson Coors Beverage Company Q4 2025 & Consumer Analyst Group of New York Conference (CAGNY) 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 & Consumer Analyst Group of New York Conference (CAGNY) 2026 earnings summary18 Feb, 2026
Executive summary
Completed revitalization plan and entered a new phase focused on accelerating growth and simplifying operations for sustainable gains, despite net sales revenue declining 4.0% in Q4 2025 and 4.8% for the year due to lower volumes and contract brewing exits.
Maintained 70% of US market share gains from 2023 and increased premiumization by 5 percentage points, while Beyond Beer now accounts for nearly 10% of revenue.
Underlying income before income taxes fell 13.8% in Q4 and 14.7% for the year, reflecting volume deleverage, cost inflation, and restructuring costs.
Dividend per share increased 6.8% year-over-year, and share repurchases more than doubled in Q4.
U.S. GAAP net income in Q4 was $238.3M ($1.22/share), but a full-year net loss of $2,139.6M ($10.75/share) due to a $3.65B goodwill impairment.
Financial highlights
Q4 2025 net sales revenue: $2,662M (-4.0% YoY); FY 2025: $11,141M (-4.8% YoY); underlying income before income taxes: Q4 $297M (-13.8% YoY), FY $1,385M (-14.7% YoY).
Underlying EPS: Q4 $1.21 (-6.9% YoY); FY $5.42 (-9.1% YoY); underlying free cash flow: $1,141M (-8.0% YoY).
Net debt at year-end: $5,403M (+4.4% YoY); leverage ratio at 2.33x, down from 4.8x in 2016.
Dividend per share: $1.88 for FY 2025 (+6.8% YoY); shares repurchased: 12.9M in 2025 (+18.3% YoY), totaling $652M.
COGS per hectoliter rose 8.1% in Q4 and 5.8% for the year, driven by cost inflation and unfavorable mix.
Outlook and guidance
2026 net sales revenue expected flat (+/-1%) in constant currency; underlying income before income taxes projected to decline 15–18%; underlying EPS to decline 11–15%.
Free cash flow targeted at $1.1B (+/-10%); capital expenditures expected at $650M (+/-5%).
Facing $125M incremental headwind from Midwest Premium and aluminum pricing in 2026, with higher short-term incentive compensation.
New three-year cost savings program targeting up to $450M in savings starting 2026.
Expecting quarters in 2026 to mirror 2025 in shape, with marketing spend concentrated in summer.
Americas impairment: underlying drivers?
What's driving 2026 underlying income decline?
How will MCBC regain premium segment share?
Cost savings allocation: inflation vs. growth?
Local P&L accountability: How to coordinate?
Beyond Beer M&A strategy and targets
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Molson Coors Beverage Company earnings date
Q1 20267 May, 2026
Molson Coors Beverage Company
Next Molson Coors Beverage Company earnings date
Q1 20267 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. The company's two segments are Molson Coors Canada and MillerCoors. The Molson Coors Canada segment refers to the activities of its Canadian business unit. It offers a portfolio of leading brands, including Molson Canadian and Coors Light Canadian beers. The MillerCoors segment refers to the company's U.S. business unit. It offers a portfolio of leading brands comprising Miller Genuine Draft, Miller High Life, Miller Lite, Leinenkugel's Summer Shandy, Blue Moon Belgian White Wheat Beer, Peroni Nastro Azzurro Beer, Redd's Apple Ale and Hop Valley Brewing Company products.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage