Molson Coors lowers FY25 outlook

Updated 2025 full year guidance for the following key financial metrics: Net sales: Low single-digit decline on a constant currency basis, compared to low single-digit increase, previously. Underlying (Non-GAAP) income (loss) before income taxes: Low single-digit decline on a constant currency basis, compared to mid single-digit increase, previously. Underlying (Non-GAAP) diluted earnings per share: Low single-digit increase compared to high single-digit increase, previously. Capital expenditures: $650 million incurred, plus or minus 5% compared to $750 million, plus or minus 5%, previously. Underlying (Non-GAAP) free cash flow: $1.3 billion, plus or minus 10% remains unchanged.