Molson Coors Beverage Company (TAP) experienced a pre-market plunge of 5.65% on Thursday.
The decline follows the company's release of fourth-quarter 2025 results, which missed top-line revenue guidance. Investor sentiment was further dampened by a disappointing full-year 2026 outlook, where the brewer anticipates sales to be roughly flat and adjusted earnings per share to decline by 11% to 15%.
Management cited significant commodity inflation—particularly from aluminum costs representing a headwind of over $125 million—continued soft beer demand, and higher operating expenses as key challenges for the coming year, leading to the negative pre-market reaction.
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