Molson Coors Lowers Outlook, Will Cut Expenses on Fears About Consumer Spending
1. Molson Coors cuts 2025 earnings outlook due to economic concerns. 2. Q1 sales dropped 11% year-over-year, missing estimates significantly. 3. Shares fell 5% to the lowest level in three months. 4. CEO cites geopolitical instability impacting consumer confidence. 5. Company plans expense reductions to mitigate financial pressures.