Molson Coors sees FY25 revenue growth low single digits vs. 2024

“We expect to achieve the following targets for full year 2025. However, the global macro environment is rapidly evolving, resulting in uncertainty around the effects of geopolitical events and global trade policy including the impacts on consumer trends. As a result, our outlook does not reflect the impacts of these activities or any imposition of import tariffs by the U.S. and potential retaliatory actions by other countries. Net sales: low single-digit increase versus 2024 on a constant currency basis. Underlying income (loss) before income taxes: mid single-digit increase compared to 2024 on a constant currency basis. Underlying earnings per share: high single-digit increase compared to 2024. Capital Expenditures: $750 million incurred, plus or minus 5%. Underlying free cash flow: $1.3 billion, plus or minus 10%. Underlying depreciation and amortization: $675 million, plus or minus 5%. Consolidated net interest expense: $215 million, plus or minus 5%. Underlying effective tax rate: in the range of 22% to 24% for 2025.”