---
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"
generated_at: "2026-05-22T05:51:04.750012+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Molson Coors Q1 net sales down 11.3%; cuts full-year guidance across key metrics

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024545-25-000012
- JSON: https://secwatch.observer/filing/0000024545-25-000012.json
- Plain text: https://secwatch.observer/filing/0000024545-25-000012.txt

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