Molson Coors shares slide as brewer warns of sharp profit decline due to rising costs

Molson Coors Beverage Company TAP announced on Feb. 18, 2026, that it expects a sharp decline in its 2026 adjusted earnings per share, citing higher aluminum tariffs and weak, price-sensitive consumer spending. The company forecast an 11% to 15% decline in adjusted earnings per share, a figure that contrasts sharply with the 1.9% rise previously expected by analysts according to data from LSEG. This announcement, alongside a fourth-quarter revenue miss, led to an immediate after-hours fall in the company's share price as near-term profitability outlooks were reduced.

Leadership at the beverage firm, including Rahul Goyal and Tracey Joubert, indicated that aluminum cost pressures will be a material drag of approximately $125 million on the company's performance. Management signaled that commodity inflation will continue to weigh on 2026 profits, affecting the production of core brands such as Miller Lite. While the broader industry, including firms like Fevertree Drinks PLC FEVR.L, faces various market pressures, the specific impact of tariffs in the US US has become a significant headwind for the company's financial planning.