Molson Coors Class B

TAP

Market cap $9.21B

Molson Coors sold off after an analyst downgrade. The move follows a disappointing earnings report last week.

Bank of America has downgraded Molson Coors Beverage Co (NYSE:TAP) to ‘Underperform' from ‘Neutral' and lowered its price target to $42 from $50, following the company's fourth quarter 2025 results and its presentation at the recent CAGNY conference. "Our downgrade reflects rising downside risk to forward estimates should the US beer category experience another year of mid‑single‑digit declines or TAP's consumption trend meaningfully underperform the category,” the analysts wrote.

Molson Coors reported weak FY25 results, with sales down 4.2% and significant volume declines, reinforcing my sell rating. TAP faces a potential value trap, as low P/E multiples are offset by deteriorating fundamentals, including a 7.7% Q4 volume drop and rising costs. Cost inflation drove COGS per hectoliter up 8.1%, while net income and FCF are pressured; leverage stands at an elevated 5x net debt/FCF.

Molson beat on earnings last night

TAP posts a Q4 EPS beat despite a sales miss, with volumes down and the 2026 outlook calling for flat sales and double-digit profit declines.

Molson Coors Beverage Company (TAP) Presents at Consumer Analyst Group of New York Conference 2026 Transcript

Although the revenue and EPS for Molson Coors (TAP) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Molson Coors Brewing (TAP) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.3 per share a year ago.

Beer maker Molson Coors forecast a sharp drop in annual profit on Wednesday, hurt by higher aluminum tariffs and weak spending among price-sensitive consumers.

Molson Coors Beverage Co. (NYSE:TAP) shares sank in Wednesday's extended trading after the company released its fourth-quarter earnings report, missing revenue estimates and issuing fiscal guidance below estimates.