Molson Coors Slashes Outlook After Weak Q1

Molson Coors Beverage Company reported a 42% year-over-year plunge in net income and an 11% decline in revenue for the first quarter of 2025, with revenue totaling $2.3 billion and missing analyst expectations. The company cited a volatile global macroeconomic environment, competitive pressures in international markets, weaker consumer spending, and the indirect effects of geopolitical uncertainty as key factors behind the disappointing results. Trade tensions, inflation, currency fluctuations, and changes in global trade policy were also highlighted as ongoing industry challenges. In response, Molson Coors lowered its full-year guidance, now expecting a low single-digit decline in net sales and a low single-digit increase in underlying earnings per share, reduced from previous growth expectations. The company also announced a $100 million cut to capital expenditures, bringing the total to $650 million for 2025, as part of broader reductions in non-essential spending. Shares of Molson Coors fell sharply after the announcement, reflecting investor concern over the revised outlook.