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Molson Coors Cuts 2025 Outlook as Tariffs and Demand Weigh

CEO Gavin Hattersley will step down by year-end after second-quarter volumes fell 6.6% in the Americas following a 7.8% decline in EMEA/APAC.

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Overview

  • It forecasts net sales to decline 3–4%, underlying income before taxes to drop 12–15% and diluted EPS to fall up to 10% in 2025.
  • The brewer expects to absorb $20–35 million in additional U.S. aluminum tariff costs during the second half of the year.
  • Second-quarter volumes tumbled 6.6% in the Americas and 7.8% in EMEA/APAC as consumer demand softened and competition intensified.
  • This marks the second consecutive quarter of downward revisions to full-year guidance, following an earlier cut in May after Q1 results missed estimates.
  • Gavin Hattersley plans to leave by year-end, prompting a leadership transition as Molson Coors tackles tariff pressures and volume declines.