Molson Coors slips after cost pressures push annual forecast cuts

Molson Coors Beverage

05/11/2026 16:51

Updates
** Molson Coors Beverage TAP.N shares fall as much as 3.1% to $41.81 in morning trading
** The company expects industry softness, freight tightening and commodity-driven input cost pressures to persist in the near term, CEO Rahul Goyal said on a post-earnings call 
** The beer maker now sees 2026 net sales declining 1% to 2%, on constant currency, compared with prior view of flat 1% to -1% range
** Revises FY underlying EPS decline view to 16% - 19% from 11% - 15% seen earlier
** Lower profitability for the rest of the year largely due to impact of higher commodity and logistics costs, Goyal adds
** Says soft industry volume trends in US, EMEA, APAC will persist through the rest of 2026
** "The biggest impact for us this quarter has been on the logistics side," CFO Tracey Joubert says
** Q3 net sales, adj EPS miss estimates
** Up to last close, TAP down about 8% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))