Molson Coors Class B
Brewer of Coors Light and Miller Lite spanning beer and ready-to-drink cocktails.
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Profile
Brews and sells Coors Light, Miller Lite, Molson Canadian, Carling and other beer brands across the Americas and Europe, alongside ready-to-drink cocktails, flavored and non-alcoholic beverages. The Americas supplies most sales, with distribution shaped by independent U.S. wholesalers and Canadian provincial systems.
Brews, packages, markets and distributes beer across the Americas and Europe, with additional reach in Latin America, the Middle East, Africa and Asia-Pacific. The portfolio spans Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko; above-premium labels such as Blue Moon, Madrí Excepcional and Staropramen; and value brands including Miller High Life and Keystone Light.
Combines brewing and packaging scale with established sales channels to extend into flavored beverages, ready-to-drink cocktails, non-alcoholic drinks, premium mixers and energy drinks, including Monaco, Vizzy, Fever-Tree and ZOA. The Americas generates most sales, while Coors Light and Miller Lite together contribute more than half of segment sales. Independent distributors carry U.S. products through the regulated three-tier system; Canadian provinces and European markets impose separate distribution and excise regimes.
Company facts
Categories
Key statistics
Year to date −12.5% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | UBS | Reiterate | Neutral | $40 | $45 | |
| Jul 22, 2026 | Deutsche Bank | Target | $42 | $41 | ||
| Jul 16, 2026 | UBS | Reiterate | Neutral | $52 | $40 | |
| Jul 8, 2026 | Wells Fargo | Reiterate | Equal Weight | $54 | $41 | |
| May 4, 2026 | Morgan Stanley | Target | $46 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.51 | $1.58 | +4.6% | $3.08B | $3.10B | +0.4% | +1.29% |
| Apr 30, 2026Q1 FY26 | $0.36 | $0.62 | +72.2% | $2.33B | $2.35B | +1.0% | −1.40% |
| Feb 18, 2026Q4 FY25 | $1.17 | $1.21 | +3.4% | $2.71B | $2.66B | −1.7% | −4.86% |
| Nov 4, 2025Q3 FY25 | $1.72 | $1.67 | −2.9% | $2.72B | $2.97B | +9.4% | +3.46% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.30B | $3.20B | $2.97B | $2.66B | $2.35B | $3.10B | |
| Gross profit | $850.9M | $1.28B | $1.17B | $880.1M | $897.2M | $1.06B | |
| Operating income | $186.3M | $583.6M | −$3.43B | $320.3M | $258.3M | $331.9M | |
| Net income | $121.0M | $428.7M | −$2.93B | $238.3M | $151.3M | $231.7M | |
| Diluted EPS | $0.59 | $2.13 | −$14.79 | $1.22 | $0.80 | $1.23 | |
| Gross margin | 36.9% | 40.0% | 39.5% | 33.1% | 38.2% | 34.3% | |
| Operating margin | 8.1% | 18.2% | -115.4% | 12.0% | 11.0% | 10.7% |
Fiscal years (4-quarter sums)FY21 $10.28B · FY22 $10.70B · FY23 $11.70B · FY24 $11.63B · FY25 $11.14B
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.13B · Total debt $7.71B · Total assets $24.36B · Shareholders' equity $10.12B
Dividends
Raised for 4 straight years — most recently to $0.48 from $0.47 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 28, 2026 | Aug 28 | Sep 18 | $0.48 | |
| May 29, 2026 | May 29 | Jun 12 | $0.48 | |
| Mar 6, 2026 | Mar 6 | Mar 20 | $0.48 | raised from $0.47 |
| Dec 5, 2025 | Dec 5 | Dec 19 | $0.47 | |
| Sep 5, 2025 | Sep 5 | Sep 19 | $0.47 | |
| Jun 6, 2025 | Jun 6 | Jun 20 | $0.47 | |
| Feb 27, 2025 | Feb 27 | Mar 14 | $0.47 | raised from $0.44 |
| Dec 6, 2024 | Dec 6 | Dec 20 | $0.44 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 187.55M · Float 168.31M · 89.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dodge & Cox | 19.07M | 10.17% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 12.15M | 6.48% | 13F | Aug 7, 2026 |
| AQR Capital Management LLC | 11.11M | 5.92% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 10.62M | 5.66% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 10.37M | 5.53% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 21, 2026 | Geoffrey E. Molson | director | −1,245 | $42.50 |
| Mar 9, 2026 | Andrew Thomas Molson | director | +2,000 | $46.67 |
| Feb 20, 2026 | James A. Jr Winnefeld | director | +100 | $49.01 |
| Nov 26, 2025 | Christian P. Cocks | director | +45 | $47.19 |
| Nov 10, 2025 | Andrew Thomas Molson | director | +7,500 | $46.79 |
Peers
- Anheuser-Busch InBev (ADR)
Global #1 brewer; direct US light-lager and EMEA rival on every front.
- Constellation Brands
US import-beer leader; Modelo Especial is now the #1 US beer by dollar sales.
- Diageo (ADR)
Guinness #1 in UK; spirits and RTD portfolio competes with TAP's Beyond Beer.
- Boston Beer
US craft and FMB rival; Twisted Tea vs. Simply Spiked; Truly vs. Topo Chico.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Molson Coors Class B | $41.46 | −0.06% | $7.78B | — | 8.7 | 0.7 | −3.3% |
| Anheuser-Busch InBev (ADR) | $80.25 | +0.12% | $157.81B | 13.5 | — | 2.0 | — |
| Constellation Brands | $130.80 | +0.08% | $22.32B | 12.5 | 11.0 | 2.5 | −3.3% |
| Diageo (ADR) | $92.99 | +0.05% | $51.69B | 29.5 | — | 2.6 | −2.6% |
| Boston Beer | $183.13 | +0.05% | $1.91B | — | 18.5 | 0.9 | −9.1% |
| Median | 13.5 | 14.7 | 2.2 | −3.3% |