Molson Coors up after co reaffirms annual targets despite missing estimates

Molson Coors Beverage Co

04/11/2025 16:07

** Shares of beer maker Molson Coors TAP.N up nearly 3% at $44.46 in morning trading

** Co reaffirms annual EPS and sales targets despite both profit and sales missing estimates, hurt by tariffs amid macroeconomic uncertainty

** TAP reports a goodwill impairment charge of $3.65 billion in its Americas unit during Q3

** Q3 net sales fall 2.3% on a reported basis to $2.97 billion missing estimates of $3.02 billion - LSEG

** Q3 adjusted EPS of $1.67 below estimates of $1.70

** Up to last close stock down ~25%, YTD

 (Reporting by Koyena Das in Bengaluru)

 ((koyena.das@thomsonreuters.com))