Copyright Reuters
Shares of the company were up about 1.3% in premarket trading. Sign up here. The job cuts come at a time when alcohol companies in the U.S. are facing uncertainties from cautious discretionary spending by consumers amid inflation and tariff-driven volatilities. The company will incur charges of $35 million to $50 million related to the restructuring in the fourth quarter, it said. Molson Coors had forecast a drop in its annual profit in August, anticipating tariff impacts from the cost of aluminum it uses for beverage cans. Reporting by Juveria Tabassum and Prerna Bedi in Bengaluru; Editing by Shilpi Majumdar
