Molson Coors Beverage Company (TAP), a wide range of beverages producer and seller, Tuesday reported it slipped to loss for the third quarter from earnings compared to last year.
The company fell to loss of $2.93 billion from net earnings of $199.8 million the last year.
The company's loss per share was $14.79 from earnings per share $0.96 a year ago.
For the reported period, underlying net income was down by 11.6 percent to $330.8 million, or $1.60 a share, from $374.4 million, or $1.80 a share, the earlier year.
Analysts on average had expected the company to earn $1.7 per share.
Molson's underlying adjusted EBITDA came down to $665.4 million from $692.3 million the prior year.
The company reported net sales of $2.97 billion or 2.3 percent lower than $3.04 billion earlier year. Looking ahead, the company reported guidance for the full year 2025. The company expects net sales (high to low end of range) to decline 3-4% on a constant currency basis. Underlying adjusted earnings per share (high to low end of range) estimated to get lessened 7-10%.
In the pre-market activity, shares are trading 0.49 percent down at $43.01 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.