---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000313"
form_type: "8-K"
ticker: "TAP"
cik: "0000024545"
company_name: "MOLSON COORS BEVERAGE CO"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:21:35.202441+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Molson Coors Q4 GAAP loss $564M on $845M goodwill impairment; underlying income up 51%

## Summary
- Q4 net sales $2,629.5M (+0.4% reported, +3.8% constant currency); financial volumes -6.9%.
- Full-year GAAP net loss $175.3M ($0.81 diluted loss) vs prior-year net income $1,005.7M; $845M goodwill impairment.
- Underlying (non-GAAP) Q4 income before taxes $328.6M (+51.1% constant currency); full-year underlying EPS $4.10 (-1.2%).
- Americas segment Q4 GAAP loss $499.2M due to $845M goodwill impairment; underlying income +29.8% constant currency.
- FY2023 guidance: expects continued top-line and bottom-line growth despite global inflationary pressures.

## SEC filing metadata
- accession: 0001157523-23-000313
- form_type: 8-K
- ticker: TAP
- cik: 0000024545
- company_name: MOLSON COORS BEVERAGE CO
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24545/000115752323000313/0001157523-23-000313-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24545/000115752323000313/a53333949.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000313
- JSON: https://secwatch.observer/filing/0001157523-23-000313.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000313.txt

## Key facts
- Earnings Releases
  MOLSON COORS BEVERAGE CO reported financial results for the fiscal quarter and fiscal year ended December 31, 2022.
  - Period: the fiscal quarter and fiscal year ended December 31, 2022
  - Result: reported results
  source text: Attached as Exhibit 99.1 is a copy of a news release of Molson Coors Beverage Company (the “Company”), dated February 21, 2023, reporting the Company’s financial results for the fiscal quarter and fiscal year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/24545/000115752323000313/0001157523-23-000313-index.htm

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