Molson Coors slips after cutting annual forecasts

By Reuters News12:56 (UTC), 5 November 2026 Updated

** Molson Coors Beverage TAP.N shares fall 2.9% to $41.89 premarket

** Beer maker now sees 2026 net sales declining 1% to 2%, on constant currency, compared with prior view of 1% to -1% range

** Revises FY underlying EPS decline view to 16%-19% from 11%-15% seen earlier

** Cites global macroeconomic impacts, consumer behavior

** Says global beer volume trend softness of Q2, Q3 to persist in Q4

** Q3 net sales, adj EPS miss estimates

** Up to last close, TAP down about 8% YTD

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