Molson Coors slashes outlook again, blames Trump tariffs on aluminum

Molson Coors slashed its financial outlook for the second time this year, with the brewing company blaming new tariffs on aluminum for mounting cost pressures that are squeezing the already beleaguered beer industry.The Denver-based brewer said Tuesday it expects net sales to tumble between 3% and 4% this year, a steeper decline than the company’s earlier prediction of a 1% drop.Even more concerning for investors, earnings before taxes are projected to plummet 12% to 15%, compared to previous forecasts of o ...