What's Going On With Molson Coors Beverage Stock Today? - Molson Coors Beverage (NYSE:TAP)
6 Articles
6 Articles
Molson Coors had its biggest earnings miss in 4 years because consumers are too worried by tariffs to drink
Molson Coors posted its worst earnings miss in four years as tariffs, inflation, and economic uncertainty hammered beer sales, prompting a sharp guidance cut, reduced spending, and a 7.8% drop in share price. Molson Coors posted its worst earnings miss in four years, sending shares tumbling as Americans say “no thanks” to another round, spooked by President Trump's tariffs and a shaky economy. The Coors Light and Blue Moon brewer reported a brut…
What's Going On With Molson Coors Beverage Stock Today? - Molson Coors Beverage (NYSE:TAP)
Molson Coors Beverage Company (NYSE:TAP) shares are trading lower on Thursday after the company reported first-quarter results. The company reported adjusted earnings per share of 50 cents, missing the Street view of 83 cents. Quarterly sales of $2.30 billion missed the analyst consensus of $2.41 billion. Net sales decreased 11.3% reported and 10.4% in constant currency. Price and sales mix favorably impacted net sales by 4.1%. Financial volumes…
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