Net sales revenue at Molson Coors, which brews brands like Coors, Carling, Madri and Blue Moon, dropped by 4.8% in 2025 compared to the previous year. 

At the same time, volume at the company in hl also declined by 5.4%, with financial volume declining by 8.6% over the year. 

Looking specifically at markets around the world, net sales revenue in the Americas was down by 5.5% and brand volume was down 4.9%. 

Meanwhile, Europe, the Middle East and Africa (EMEA), alongside Asia-Pacific (APAC), saw a smaller drop in net sales revenue at 2.3% and a drop of 6.7% in brand volume. 

Elsewhere in the report, the company said that it incurred $667m in capital expenditures, which were focused on efforts to improve capabilities, drive efficiencies, achieve cost savings and support sustainability initiatives. 

The company also invested $652m in repurchasing 12.9 million shares, almost half of which were in the Q4 period. 

Looking forward to 2026, Molson Coors said it expects net sales revenue growth to either be flat or decline by 1%. 

In terms of the US beer industry, the report expected industry performance to improve. “However, uncertainty around the industry remains in 2026 given the volatility of macroeconomic conditions.” 

The company said that it would be undertaking disciplined cost savings to fund the future over the next three years, with a goal of $450m. 

In the US, this money would be used for productivity gains and investment in technology, and in EMEA and APAC it would go toward ‘business transformation’ and investment in automation and technology.