WASHINGTON (dpa-AFX) - Molson Coors Beverage Co. (TAP), a Canadian-American drink and brewing company, on Thursday reported net income in the third quarter of 2026 compared with loss in the same period a year ago.
For the third quarter, net income attributable to the company came in at $271.5 million compared with loss of $2.93 billion in the previous year.
Earnings per share were $1.45 versus loss per share of $14.79 last year.
Underlying net income came in at $272.2 million compared with $330.8 million in the previous year.
Underlying earnings per share were $1.46 versus $1.67 last year.
Underlying EBITDA declined to $592.1 million from $665.4 million in the prior year.
Operating income came in at $390.6 million compared with loss of $3.43 billion in the prior year.
Net sales decreased to $2.93 billion from $2.97 billion in the previous year.
Looking ahead, the company's net sales are expected to decline 1% to 2% on a constant currency basis compared to flat, plus or minus 1%, previously
Underlying earnings per share: decline 16% to 19% versus 2025, compared to a decline in the range of 11% to 15%, previously
In the pre-market trading, Molson Coors Beverage is 3.82% lesser at $41.50 on the New York Stock Exchange.
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