Molson Coors Q2 result: Profit squeeze looms as tariffs bite and demand dips
The sharp hike in aluminium tariffs under the Trump administration, from 25 per cent to 50 per cent, has significantly disrupted the aluminium industry and its dependent sectors, directly impacting corporate earnings. The beverage industry, in particular, has felt the strain. Molson Coors, which previously reported an 11.3 per cent decline in net sales for Q1, has now released its Q2 results, indicating plans to revise its financial outlook downward due to continued softness in beer demand and the mounting pressure from aluminium tariffs.
Q2 financial results
Molson Coors in the second quarter reported a 1.6 per cent decline in net sales on a reported basis and a 2.6 per cent decrease in constant currency. The US GAAP income before income taxes fell by 0.9 per cent to USD 554.9 million, while underlying (non-GAAP) income before income taxes declined 0.8 per cent in constant currency to USD 531.5 million. The US GAAP net income attributable to Molson Coors Beverage Company (MCBC) stood at USD 428.7 million, translating to USD 2.13 per diluted share.
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