Molson Coors Beverage Company reported its third‑quarter 2025 financial results, posting net sales of $2.97 billion, a 2.3% decline from the same period in 2024. Q3 2024 net sales were $3,042.7 million and underlying EPS was $1.80. The company recorded a GAAP loss of $14.79 per share and an underlying loss of $1.67 per share.
The decline in sales was driven by a 6.0% drop in financial volume and a 4.5% drop in brand volume, partially offset by a 2.7% gain from price and sales mix. Underlying income before income taxes fell 11.9% in constant currency to $426.0 million, compared with $526.0 million in Q3 2024.
The GAAP loss was largely driven by a $3,645.7 million non‑cash partial goodwill impairment charge in the Americas and a $273.9 million intangible asset impairment charge. These one‑time charges account for the majority of the $2.93 billion GAAP net loss.
Management reaffirmed its full‑year guidance and indicated the company would likely hit the lower end of the previously announced ranges. CEO Rahul Goyal, who assumed the role on October 1, said the results were largely aligned with expectations for the second half of the year and that the incremental softness in the industry is cyclical. The company also highlighted its strong balance sheet and reaffirmed free‑cash‑flow guidance of $1.3 billion for the year.
Molson Coors announced a restructuring plan for its Americas business that will eliminate approximately 400 salaried positions. The company’s financial volume decline was driven by lower shipments in both the Americas and EMEA&APAC segments.
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