Molson Coors forecast a drop in its annual profit, hit by tariff impacts on costs of aluminum it uses for its beverage cans amid macroeconomic uncertainty in the US. More here: https://t.co/QiHB9gfVB3 https://t.co/fbOTus5uVY
Molson Coors forecast a drop in its annual profit, hit by tariff impacts on costs of aluminum it uses for its beverage cans amid macroeconomic uncertainty in the US https://t.co/VqFdyr2h5k https://t.co/YEcj6b7dH8
Beer maker Molson Coors forecasts downbeat annual profit on aluminum tariff impact https://t.co/sJVj2XxqJl https://t.co/sJVj2XxqJl
Molson Coors Beverage Co. has lowered its full-year profit guidance for the second consecutive quarter, citing multiple challenges including increased costs due to aluminum tariffs, a decline in U.S. beer demand, and loss of market share. The company highlighted the impact of the U.S. government's tariffs on aluminum used for beverage cans as a key factor driving up production costs. Additionally, macroeconomic uncertainty and a weakening consumer environment in the United States have contributed to softer sales volumes in the beer sector. Despite these headwinds, Molson Coors reported maintaining strong cash flow and accelerating share repurchases. The company’s outlook reflects ongoing pressures in the U.S. beer industry amid rising input costs and competitive market conditions.