BUZZ - Molson Coors shares fall as cost pressures lead to lowered annual performance forecast

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November 5 - ** Molson Coors Beverage Company (TAP.N) shares fell as much as 3.1% in early trading to $41.81

** Chief Executive Officer Rahul Goyal said on the earnings call that the company expects industry weakness, rising freight costs, and commodity-driven input cost pressures to persist in the near term

** The brewer now expects, at constant currency, net sales in 2026 will decrease by 1% to 2%, compared to its previous forecast of a range between 1% growth to a 1% decline

** Lowered its full-year core earnings per share (EPS) decline forecast from the previously estimated 11%–15% to 16%–19%

** Goyal added that the decline in profitability for the remainder of the year is mainly due to higher commodity and logistics costs

** The company said industry volume weakness in the United States, Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC) markets will persist for the rest of 2026

** “The greatest impact for us this quarter was logistics,” Chief Financial Officer Tracey Joubert said

** Third-quarter net sales and adjusted earnings per share both missed expectations

** As of the previous trading day close, TAP shares have fallen approximately 8% so far this year

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