Subtext

Molson Coors Beverage Company TAP

SectorConsumer Staples
Transcripts70
Date range2007-08-08 – 2025-05-08
Calls charted70

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-18-9+0+9+182007 Q22009 Q32012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q2 · Overall: +8.32007 Q3 · Overall: -5.62007 Q4 · Overall: +9.12008 Q1 · Overall: +8.72008 Q2 · Overall: +3.02008 Q3 · Overall: +0.02008 Q4 · Overall: -1.42009 Q1 · Overall: +6.32009 Q2 · Overall: +6.52009 Q3 · Overall: +7.42009 Q4 · Overall: +5.72010 Q1 · Overall: +9.12010 Q4 · Overall: +1.32011 Q1 · Overall: +10.02011 Q2 · Overall: +10.32011 Q3 · Overall: +2.52011 Q4 · Overall: +7.32012 Q1 · Overall: +6.22012 Q2 · Overall: +3.72012 Q3 · Overall: -1.02012 Q4 · Overall: -3.82013 Q1 · Overall: +8.12013 Q2 · Overall: +3.22013 Q3 · Overall: +2.42013 Q4 · Overall: -2.42014 Q1 · Overall: +6.62014 Q2 · Overall: +7.82014 Q3 · Overall: +2.72014 Q4 · Overall: +6.12015 Q1 · Overall: +4.32015 Q2 · Overall: +0.02015 Q3 · Overall: +0.42015 Q4 · Overall: +1.32016 Q1 · Overall: +6.72016 Q2 · Overall: +9.22016 Q3 · Overall: +7.62016 Q4 · Overall: +6.82017 Q1 · Overall: +4.52017 Q2 · Overall: +7.72017 Q3 · Overall: +6.72017 Q4 · Overall: +11.42018 Q1 · Overall: +5.22018 Q2 · Overall: +5.42018 Q3 · Overall: +7.42018 Q4 · Overall: +9.32019 Q1 · Overall: +9.82019 Q2 · Overall: +11.02019 Q3 · Overall: +7.72019 Q4 · Overall: +16.02020 Q1 · Overall: -4.92020 Q2 · Overall: +0.52020 Q3 · Overall: +8.52020 Q4 · Overall: +4.52021 Q1 · Overall: -0.72021 Q2 · Overall: +8.82021 Q3 · Overall: +10.12021 Q4 · Overall: +7.52022 Q1 · Overall: +7.52022 Q2 · Overall: +4.92022 Q3 · Overall: +4.42022 Q4 · Overall: +9.02023 Q1 · Overall: +9.82023 Q2 · Overall: +5.22023 Q3 · Overall: +7.12023 Q4 · Overall: +8.82024 Q1 · Overall: -3.32024 Q2 · Overall: +8.72024 Q3 · Overall: +11.02024 Q4 · Overall: +11.42025 Q1 · Overall: +5.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-40-20+0+20+402007 Q22009 Q32012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q2 · CEO: +6.62007 Q4 · CEO: +17.12008 Q1 · CEO: +13.62008 Q2 · CEO: +7.32008 Q3 · CEO: +5.82008 Q4 · CEO: +5.32009 Q1 · CEO: +8.72009 Q2 · CEO: +9.52009 Q3 · CEO: +15.02009 Q4 · CEO: +13.42010 Q1 · CEO: +21.82011 Q1 · CEO: +19.02011 Q2 · CEO: +17.12011 Q3 · CEO: +10.82011 Q4 · CEO: +14.52012 Q1 · CEO: +11.22012 Q2 · CEO: +9.62012 Q3 · CEO: +3.22013 Q1 · CEO: +11.92013 Q2 · CEO: +9.02013 Q3 · CEO: +7.02014 Q1 · CEO: +10.32014 Q2 · CEO: +12.02014 Q3 · CEO: +7.02014 Q4 · CEO: +9.52015 Q1 · CEO: +9.32015 Q2 · CEO: +1.42015 Q3 · CEO: +3.62016 Q1 · CEO: -19.82016 Q2 · CEO: +11.82016 Q3 · CEO: +13.12016 Q4 · CEO: +14.72017 Q1 · CEO: +10.02017 Q2 · CEO: +11.22017 Q3 · CEO: +12.12017 Q4 · CEO: +16.12018 Q1 · CEO: +11.32018 Q2 · CEO: +9.62018 Q3 · CEO: +14.42018 Q4 · CEO: +18.62019 Q1 · CEO: +15.42019 Q2 · CEO: +20.92019 Q3 · CEO: +17.62019 Q4 · CEO: +22.92020 Q1 · CEO: +1.22020 Q2 · CEO: +4.72020 Q3 · CEO: +14.92020 Q4 · CEO: +10.02021 Q1 · CEO: +7.52021 Q2 · CEO: +13.32021 Q3 · CEO: +10.52021 Q4 · CEO: +9.82022 Q1 · CEO: +10.52022 Q2 · CEO: +10.12022 Q3 · CEO: +10.12022 Q4 · CEO: +12.82023 Q1 · CEO: +16.22023 Q2 · CEO: +8.92023 Q3 · CEO: +9.22007 Q2 · CFO: +12.12007 Q4 · CFO: +4.52008 Q1 · CFO: +6.12008 Q2 · CFO: +3.62008 Q3 · CFO: +3.42008 Q4 · CFO: -4.22009 Q1 · CFO: +2.32009 Q2 · CFO: +5.82009 Q3 · CFO: +4.52009 Q4 · CFO: -0.92010 Q1 · CFO: +1.22011 Q1 · CFO: +8.22011 Q2 · CFO: +6.92011 Q3 · CFO: -1.02011 Q4 · CFO: +2.82012 Q1 · CFO: +3.52012 Q2 · CFO: +0.02012 Q3 · CFO: +0.02013 Q1 · CFO: +0.92013 Q2 · CFO: +7.92013 Q3 · CFO: +2.92014 Q1 · CFO: +1.92014 Q2 · CFO: +9.12014 Q3 · CFO: +1.62014 Q4 · CFO: +9.72015 Q1 · CFO: -3.12015 Q2 · CFO: +4.12015 Q3 · CFO: +3.22015 Q4 · CFO: +3.92016 Q1 · CFO: +5.82016 Q2 · CFO: +4.32016 Q3 · CFO: +0.02016 Q4 · CFO: +3.52017 Q1 · CFO: +5.02017 Q2 · CFO: +9.72017 Q3 · CFO: +8.32017 Q4 · CFO: +18.82018 Q1 · CFO: +2.82018 Q2 · CFO: +11.62018 Q3 · CFO: +4.52019 Q1 · CFO: +9.22019 Q3 · CFO: +0.72019 Q4 · CFO: +14.02020 Q1 · CFO: -9.12020 Q2 · CFO: -4.62020 Q3 · CFO: +4.62020 Q4 · CFO: +0.02021 Q1 · CFO: -5.92021 Q2 · CFO: +35.22021 Q3 · CFO: +19.32021 Q4 · CFO: +9.62022 Q1 · CFO: +8.22022 Q2 · CFO: +6.62022 Q3 · CFO: +3.42022 Q4 · CFO: +12.72023 Q1 · CFO: +9.32023 Q2 · CFO: +12.02023 Q3 · CFO: +14.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-33-17+0+17+332007 Q22009 Q32012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q2 · Prepared remarks: +10.22007 Q3 · Prepared remarks: +1.92007 Q4 · Prepared remarks: +8.62008 Q1 · Prepared remarks: +12.62008 Q2 · Prepared remarks: +9.82008 Q3 · Prepared remarks: +7.62008 Q4 · Prepared remarks: +0.42009 Q1 · Prepared remarks: +8.22009 Q2 · Prepared remarks: +8.72009 Q3 · Prepared remarks: +10.02009 Q4 · Prepared remarks: +8.22010 Q1 · Prepared remarks: +13.52010 Q4 · Prepared remarks: +2.12011 Q1 · Prepared remarks: +17.22011 Q2 · Prepared remarks: +9.32011 Q3 · Prepared remarks: +8.02011 Q4 · Prepared remarks: +12.52012 Q1 · Prepared remarks: +9.42012 Q2 · Prepared remarks: +5.52012 Q3 · Prepared remarks: +5.12012 Q4 · Prepared remarks: -3.52013 Q1 · Prepared remarks: +8.92013 Q2 · Prepared remarks: +14.82013 Q3 · Prepared remarks: +5.52013 Q4 · Prepared remarks: +2.42014 Q1 · Prepared remarks: +9.72014 Q2 · Prepared remarks: +15.32014 Q3 · Prepared remarks: +10.32014 Q4 · Prepared remarks: +10.52015 Q1 · Prepared remarks: +7.32015 Q2 · Prepared remarks: -0.32015 Q3 · Prepared remarks: +4.52015 Q4 · Prepared remarks: +3.82016 Q1 · Prepared remarks: +13.22016 Q2 · Prepared remarks: +13.62016 Q3 · Prepared remarks: +10.62016 Q4 · Prepared remarks: +13.82017 Q1 · Prepared remarks: +11.32017 Q2 · Prepared remarks: +14.12017 Q3 · Prepared remarks: +19.72017 Q4 · Prepared remarks: +24.42018 Q1 · Prepared remarks: +13.62018 Q2 · Prepared remarks: +16.72018 Q3 · Prepared remarks: +17.62018 Q4 · Prepared remarks: +16.52019 Q1 · Prepared remarks: +19.22019 Q2 · Prepared remarks: +18.12019 Q3 · Prepared remarks: +13.82019 Q4 · Prepared remarks: +20.02020 Q1 · Prepared remarks: -5.12020 Q2 · Prepared remarks: +2.32020 Q3 · Prepared remarks: +12.22020 Q4 · Prepared remarks: -14.72021 Q1 · Prepared remarks: -22.62021 Q2 · Prepared remarks: +29.02021 Q3 · Prepared remarks: +15.82021 Q4 · Prepared remarks: +13.02022 Q1 · Prepared remarks: +12.52022 Q2 · Prepared remarks: +8.92022 Q3 · Prepared remarks: +5.92022 Q4 · Prepared remarks: +13.82023 Q1 · Prepared remarks: +14.72023 Q2 · Prepared remarks: +13.82023 Q3 · Prepared remarks: +8.32023 Q4 · Prepared remarks: +17.42024 Q1 · Prepared remarks: +22.82024 Q2 · Prepared remarks: +12.62024 Q3 · Prepared remarks: +16.22024 Q4 · Prepared remarks: +18.52025 Q1 · Prepared remarks: +10.62007 Q2 · Q&A responses: +6.82007 Q3 · Q&A responses: -5.42007 Q4 · Q&A responses: +14.02008 Q1 · Q&A responses: +6.22008 Q2 · Q&A responses: -0.82008 Q3 · Q&A responses: -0.52008 Q4 · Q&A responses: +0.72009 Q1 · Q&A responses: +5.82009 Q2 · Q&A responses: +6.02009 Q3 · Q&A responses: +9.42009 Q4 · Q&A responses: +9.12010 Q1 · Q&A responses: +8.52010 Q4 · Q&A responses: +4.52011 Q1 · Q&A responses: +13.02011 Q2 · Q&A responses: +18.22011 Q3 · Q&A responses: +2.62011 Q4 · Q&A responses: +7.62012 Q1 · Q&A responses: +8.02012 Q2 · Q&A responses: +8.22012 Q3 · Q&A responses: -1.22012 Q4 · Q&A responses: +0.02013 Q1 · Q&A responses: +11.32013 Q2 · Q&A responses: +0.92013 Q3 · Q&A responses: +5.52013 Q4 · Q&A responses: -2.72014 Q1 · Q&A responses: +6.22014 Q2 · Q&A responses: +2.42014 Q3 · Q&A responses: +1.22014 Q4 · Q&A responses: +7.22015 Q1 · Q&A responses: +5.92015 Q2 · Q&A responses: +2.42015 Q3 · Q&A responses: +2.52015 Q4 · Q&A responses: +4.02016 Q1 · Q&A responses: +7.62016 Q2 · Q&A responses: +6.52016 Q3 · Q&A responses: +8.42016 Q4 · Q&A responses: +6.82017 Q1 · Q&A responses: +7.12017 Q2 · Q&A responses: +9.42017 Q3 · Q&A responses: +3.52017 Q4 · Q&A responses: +7.52018 Q1 · Q&A responses: +6.62018 Q2 · Q&A responses: +4.12018 Q3 · Q&A responses: +7.82018 Q4 · Q&A responses: +5.72019 Q1 · Q&A responses: +9.42019 Q2 · Q&A responses: +10.12019 Q3 · Q&A responses: +10.22019 Q4 · Q&A responses: +16.12020 Q1 · Q&A responses: +0.52020 Q2 · Q&A responses: +1.22020 Q3 · Q&A responses: +9.72020 Q4 · Q&A responses: +10.32021 Q1 · Q&A responses: +7.22021 Q2 · Q&A responses: +10.12021 Q3 · Q&A responses: +8.62021 Q4 · Q&A responses: +6.52022 Q1 · Q&A responses: +4.52022 Q2 · Q&A responses: +6.82022 Q3 · Q&A responses: +5.72022 Q4 · Q&A responses: +10.72023 Q1 · Q&A responses: +11.62023 Q2 · Q&A responses: +3.42023 Q3 · Q&A responses: +5.82023 Q4 · Q&A responses: +6.22024 Q1 · Q&A responses: +0.72024 Q2 · Q&A responses: +10.02024 Q3 · Q&A responses: +14.22024 Q4 · Q&A responses: +11.92025 Q1 · Q&A responses: +6.6
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$3.08$4.95$6.822007 Q22009 Q32012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: $4.132014 Q2: $4.312014 Q3: $4.362014 Q4: $4.252015 Q1: $3.982015 Q2: $3.942015 Q3: $3.922015 Q4: $3.882016 Q1: $3.752016 Q2: $4.362016 Q3: $5.172016 Q4: $6.012017 Q1: $6.442017 Q2: $6.572017 Q3: $4.682017 Q4: $4.742018 Q1: $5.272018 Q2: $5.022018 Q3: $5.002018 Q4: $5.002019 Q1: $4.822019 Q2: $4.742019 Q3: $4.452019 Q4: $3.982020 Q1: $3.922020 Q2: $3.332020 Q3: $3.842020 Q4: $4.182021 Q1: $3.962021 Q2: $4.072021 Q3: $4.222021 Q4: $4.132022 Q1: $4.042022 Q2: $4.092022 Q3: $4.132022 Q4: $4.122023 Q1: $4.132023 Q2: $4.512023 Q3: $5.072023 Q4: $5.492024 Q1: $5.742024 Q2: $5.782024 Q3: $5.84

Forward P/E

7.4116.7926.172007 Q22009 Q32012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: 13.992014 Q2: 16.822014 Q3: 17.652014 Q4: 17.332015 Q1: 18.652015 Q2: 18.522015 Q3: 21.182015 Q4: 24.272016 Q1: 24.882016 Q2: 23.002016 Q3: 19.812016 Q4: 16.442017 Q1: 15.212017 Q2: 13.422017 Q3: 18.912017 Q4: 16.772018 Q1: 15.402018 Q2: 13.172018 Q3: 12.862018 Q4: 11.552019 Q1: 12.582019 Q2: 11.542019 Q3: 12.372019 Q4: 13.302020 Q1: 10.332020 Q2: 11.632020 Q3: 9.012020 Q4: 11.072021 Q1: 12.292021 Q2: 14.222021 Q3: 11.042021 Q4: 10.882022 Q1: 12.892022 Q2: 12.652022 Q3: 12.262022 Q4: 12.842023 Q1: 12.612023 Q2: 14.962023 Q3: 12.472023 Q4: 11.702024 Q1: 11.542024 Q2: 8.702024 Q3: 9.47

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -5.1 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2014 Q4 tone ↑ +3.4 fwd EPS ↓ -0.11 Tone rose while the forward EPS estimate was cut.
  • 2016 Q1 tone ↑ +5.4 fwd EPS ↓ -0.13 Tone rose while the forward EPS estimate was cut.
  • 2017 Q1 tone ↓ -2.3 fwd EPS ↑ +0.43 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -6.2 fwd EPS ↑ +0.53 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↑ +8.3 fwd EPS ↓ -0.47 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +5.4 fwd EPS ↓ -0.58 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↓ -4.1 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -2.6 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -4.6 fwd EPS ↑ +0.38 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -12.1 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-08+5.0——View →
2024 Q42025-02-13+11.4——View →
2024 Q32024-11-07+11.0$5.849.5View →
2024 Q22024-08-06+8.7$5.788.7View →
2024 Q12024-04-30-3.3$5.7411.5View →
2023 Q42024-02-13+8.8$5.4911.7View →
2023 Q32023-11-02+7.1$5.0712.5View →
2023 Q22023-08-01+5.2$4.5115.0View →