Molson Coors Beverage Company (TAP) Q3/9M 2025 TL;DR
The third quarter was defined by severe bottom-line deterioration driven by massive non-cash impairment charges, offset by resilient operating cash flow and strategic organizational changes.
Financial Performance & Asset Devaluation For the nine months ended September 30, 2025, Net Sales fell 4.6% to \(8.5 Billion, resulting in a **\)2.38 Billion Net Loss** (vs. \(835M profit in 2024). The quarter saw a **\)3.65 Billion goodwill partial impairment** recognized in the Americas reporting unit due to market share erosion and industry soft
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