{"schema_version":"secwatch.filing_event.v1","accession":"0000024545-25-000012","form_type":"8-K","ticker":"TAP","cik":"0000024545","company_name":"MOLSON COORS BEVERAGE CO","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.859216+00:00","generated_at":"2026-05-22T05:51:04.750012+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Molson Coors Q1 net sales down 11.3%; cuts full-year guidance across key metrics","bullets":["Net sales decreased 11.3% reported; GAAP net income $121M ($0.59 diluted EPS).","Underlying diluted EPS $0.50, down 47.4% YoY; underlying income before taxes down 49.5% constant currency to $131.1M.","Revised FY2025 guidance: net sales now low single-digit decline (vs. prior low single-digit increase); underlying income low single-digit decline (vs. prior mid single-digit increase).","Capex guidance reduced to $650M+/-5% from $750M+/-5%; free cash flow unchanged at $1.3B+/-10%.","CEO cites macro uncertainty, US inventory cycling, contract brewing exit, and Fever-Tree transition fees as headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0000024545-25-000012","json":"https://secwatch.observer/filing/0000024545-25-000012.json","markdown":"https://secwatch.observer/filing/0000024545-25-000012.md","text":"https://secwatch.observer/filing/0000024545-25-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/24545/000002454525000012/0000024545-25-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/24545/000002454525000012/tap-20250508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T05:51:04.750012+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}