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Molson Coors Beverage Company's Q1 performance was weak. While several transitory factors weakened the quarter, sales also underline a weakening consumer and worrying brand performance. Due to an increasingly uncertain consumer outlook, Molson Coors lowered the 2025 guidance to reflect weak sales. TAP stock already prices in weak growth. I estimate a fair value of $65.
U.S. equities advanced at midday as President Donald Trump announced a new trade deal with the United Kingdom. The Dow Jones Industrial Average, S&P 500, and Nasdaq all rose.
Molson Coors Beverage Company (TAP) shares sank Thursday after the beermaker slashed its outlook and planned to reduce spending on concerns economic conditions will lead consumers to spend less.
Molson Coors Beverage Co (NYSE:TAP) lowered its full-year sales and profit outlook on Thursday after disappointing first-quarter results, citing weaker consumer demand, inflation, and trade concerns. Shares of the Coors Light and Miller Lite maker fell more than 8% on Thursday morning after the company said it now expects 2025 underlying diluted earnings per share to grow in the low single digi...
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