Molson Coors Beverage Beats Q3 2026 Estimates as Revenue Rises 15% to $3.40B
Revenue of $3.40B vs. $2.94B expected and adjusted EPS of $1.46 vs. $1.44; revenue up 15% from a year earlier.
Molson Coors Beverage (TAP) beat estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $3.40 billion, up 15% from a year earlier, above the $2.94 billion estimate, and adjusted EPS was $1.46, down 13% from a year earlier, above the $1.44 estimate.
Shares fell 3.4% in premarket trading as of 6:51 a.m. ET, to $41.67 from a $43.16 close.
Q3 2026 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | $1.44 | $1.46 | Beat by 1.4% |
| Revenue | $2.94B | $3.40B | Beat by 16% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | ▼ 13% | ▼ 7.6% |
| Revenue | ▲ 15% | ▲ 10.0% |
By our calculation, revenue was $469.2 million above the estimate and adjusted EPS was $0.02 above it. The QoQ column compares with the previous quarter's revenue of $3.10 billion and adjusted EPS of $1.58. The YoY column compares with $2.97 billion and $1.67 in the same quarter a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 6 of the last 8 reports, including this one.
- Revenue record. Revenue beat the estimate in 6 of the last 8 reports.
- Revenue trend. Revenue over the last 5 reports, oldest first: $2.97 billion, $2.66 billion, $2.35 billion, $3.10 billion and $3.40 billion.
What to watch
- Next-quarter estimates. Consensus calls for EPS of $1.02 and revenue of $2.66 billion next quarter, based on 10 analysts.
- Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 15% increase to $3.40 billion.
- Estimate record. Whether Molson Coors Beverage extends a record of beating EPS estimates in 6 of its last 8 reports.
- Related coverage. See our reports on Kontoor Brands, Dnow, Warby Parker and US Foods.
Sources: Results are from Molson Coors Beverage's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Molson Coors Beverage's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.
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