---
schema_version: "secwatch.filing_event.v1"
accession: "0000024545-24-000023"
form_type: "8-K"
ticker: "TAP"
cik: "0000024545"
company_name: "MOLSON COORS BEVERAGE CO"
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:59:53.829393+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Molson Coors Q3 net sales -7.8%, underlying EPS $1.80 (-6.2%); cuts top-line guidance, reaffirms bottom-line

## Summary
- Net sales down 7.8% reported; U.S. GAAP pretax income $331.4M (-39.1%); underlying pretax income $479.5M (-8.7% constant currency).
- U.S. GAAP diluted EPS $0.96; underlying diluted EPS $1.80, down 6.2% YoY.
- U.S. financial volume declined 17.9% due to macro headwinds, shipment timing, and contract brewing wind-down.
- 2024 top-line guidance cut: net sales now expected down ~1% constant currency (prior up low single-digits); underlying EPS guidance narrowed to high end of mid single-digit growth.
- Returned $153M to shareholders via dividends and share repurchases in Q3.

## SEC filing metadata
- accession: 0000024545-24-000023
- form_type: 8-K
- ticker: TAP
- cik: 0000024545
- company_name: MOLSON COORS BEVERAGE CO
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24545/000002454524000023/0000024545-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24545/000002454524000023/tap-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024545-24-000023
- JSON: https://secwatch.observer/filing/0000024545-24-000023.json
- Plain text: https://secwatch.observer/filing/0000024545-24-000023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.