Molson Coors Cuts Outlook on Weak U.S. Beer Demand, Tariffs

Molson Coors slashes outlook again, blames Trump tariffs on aluminum

Molson Coors slashed its financial outlook for the second time this year, with the brewing company pointing directly at aluminum tariffs as a culprit.

From ingredient costs to sagging demand, tariffs further pinch company earnings

By Arpan Varghese and Shashwat Chauhan

Molson Coors cuts outlook on weak U.S. beer demand, tariffs

Molson Coors forecast a bigger drop in its annual profit on Tuesday, hit by tariff impacts on costs of aluminum it uses for its beverage cans amid macroeconomic uncertainty in the U.S.

Molson Coors forecasts lower annual profit because of U.S. tariffs on aluminum

The beer maker said it expects incremental costs of between US$20-million and US$35-million in the second half of the year

Molson Coors Cuts Outlook Again on Weak US Beer Demand, Tariffs

Molson Coors Beverage Co. lowered its full-year guidance for the second quarter in a row, citing continued pressure from a weak consumer, falling US market share and rising costs tied to aluminum tariffs.

Molson Coors stands by “cyclical” stance on US beer downturn - Just Drinks

The ongoing pressure on beer sales in the US is “cyclical”, Molson Coors’ CEO has insisted, after the company’s sales suffered in the second quarter.