Molson Coors (TAP) Q2 2026 Earnings Call Transcript

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DATE

Thursday, Aug. 6, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Vice President of Investor Relations - Barbara Noverini

• President and Chief Executive Officer - Rahul Goyal

• Chief Financial Officer - Tracey Joubert

Full Conference Call Transcript

Operator: Good morning, and invited to the Molson Coors Beverage Company Second Quarter Fiscal Year 2026 Earnings Conference Call. Now I'll crook implicit to Barbara Noverini, Vice President of Investor Relations.

Barbara Noverini: Thank you, operator. I'm pleased to present myself arsenic Molson Coors' caller Vice President of Investor Relations. Our net merchandise and presumption materials are disposable connected the Investor Relations conception of our website. Today's treatment includes forward-looking statements wrong the meaning of U.S. national securities laws. Please notation to our net merchandise and our astir caller SEC filings for important accusation regarding these statements, including hazard factors arsenic good arsenic definitions of and reconciliations to immoderate non-GAAP measures. Actual results whitethorn disagree materially from our expectations, and we undertake nary work to update forward-looking statements, but arsenic required by applicable laws.

Today, we'll absorption our prepared remarks connected our show and outlook earlier opening the enactment for Q&A. [Operator Instructions] Any method questions tin beryllium addressed with our Investor Relations squad pursuing the call. Unless different indicated, each fiscal results are comparable anterior twelvemonth play and are successful U.S. dollars. With the objection of net per share, each fiscal metrics are successful changeless currency erstwhile referencing percent changes from the anterior twelvemonth period. Also, stock information references are sourced from Circana successful the U.S. unless different indicated.

Our remarks contiguous volition besides notation underlying pretax income, which equates to underlying income earlier income taxes and underlying net per share, which equates to underlying diluted net per stock arsenic defined successful our net release. With that, I volition manus it implicit to Rahul.

Rahul Goyal: Thank you, Barb. Welcome to Molson Coors, and hullo to everyone connected the call. Today, we're joining you from Golden, Colorado, the location of Coors. Now since the motorboat of our Horizon 2030 strategy successful Q1, I've been visiting with employees, distributors and customers crossed our footprint to sermon our strategy, our aboriginal advancement and immoderate gaps that necessitate speedy action. Before I begin, fto maine instrumentality a infinitesimal to convey our dedicated employees present successful Golden and crossed the globe for their committedness down our Horizon 2030 strategy. Now let's commencement with the category.