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Molson Coors slips after cost pressures push annual forecast cuts

By Reuters News

** 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

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