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12:30
Aug 06 ◎

TAP FY2026 Q2 Watch

Molson Coors Beverage Company (TAP) FY2026 Q2 Earnings Call

KEG TAP STZ BUD MON ▾

Rahul

The Keystone Light Apple launch saw demand exceed supply, indicating strong consumer reception to the product's flavor and price point, with plans for a fall relaunch.

"Demand far outpaced are limited run production, so we're bringing it back in the fall."

KEG WATCH

Tracey

Management reaffirms full-year guidance despite significant cost inflation and industry headwinds, but signals a cautious tone with stable expectations, indicating a neutral to slightly negative outlook.

"While some drivers were impacted by phasing considerations, the broader picture was largely consistent with our expectations. The industry remains pressured. Our share performance is not yet where we want it to be and cost inflation"

TAP WATCH

Rahul

The World Cup had a limited impact on the overall U.S. category, with the notable exception of on-premise channels in host cities, where the company saw 14% growth. — Highlights that major sporting events primarily benefit on-premise venues in host cities, not the broader category, which has implications for how beer companies allocate marketing spend.

"If you think about on versus off, 14-ish percent versus off, we didn't see a massive impact of the World Cup across the entire country."

STZ WATCH BUD WATCH

Rahul

Monaco's integration is tracking ahead of expectations post-acquisition, with plans to expand its presence beyond its current five-state concentration, which could drive significant growth.

"Our first full quarter of ownership of Potomac Brands also produced encouraging results. The integration of Monaco Cocktails has been going well, with its overall top and bottom line contributions tracking slightly ahead of our acquisition"

MON WATCH

Rahul

Peroni's double-digit volume growth in the U.S. indicates successful brand positioning and marketing, especially relevant as the company focuses on its above premium portfolio.

"In the U.S., we were pleased to see Peroni grow brand volumes by double digits, supported by targeted marketing investments earlier in the year."

PRN WATCH

Rahul

Fevertree partnership is gaining momentum with record U.S. sales, confirming strong execution of the national campaign and growing consumer interest in at-home mixology.

"Following a national campaign that celebrated the ease of mixology at home, Fevertree delivered its highest quarter of sales in the U.S. since our partnership began."

FEVR.L WATCH

HIGH

12:30
May 12 ◎

TAP FY2026 Q1 Watch

Molson Coors Beverage Company (TAP) FY2026 Q1 Earnings Call

TAP ▾

Rahul Goyal

Management reaffirmed flat +/-1% revenue guidance for the full year, noting a volatile start to the year but confidence in the second half driven by summer events, despite planned Q2 shipment declines due to inventory phasing.

"So in terms of execution, we gotta make sure we, the way we talk about it internally is don't drop a case."

TAP WATCH

HIGH

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