Molson Coors cuts annual forecasts on tariff pressures

Molson Coors Beverage Co

08/05/2025 11:44

May 8 (Reuters) - Molson Coors TAP.N lowered its forecast for annual sales and profit on Thursday, in anticipation of Trump's tariffs weighing on beer demand, sending the company's shares down about 9% in premarket trading.

The company expects a low single-digit decline in annual net sales, compared with previous expectations of a growth in the low-single digits.

Molson Coors also sees a low single-digit increase in annual adjusted profit, compared to prior expectations of a high single-digit increase.

 (Reporting by Neil J Kanatt in Bengaluru; Editing by Shreya Biswas)

 ((Neil.JKanatt@thomsonreuters.com;))