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Molson Coors stock dips after reaffirming soft Q1 guidance

Shares of Molson Coors Beverage (TAP) are trading lower on Tuesday morning as the company reported its first quarter earnings, reiterating its soft 2024 guidance due to softness observed in the US and Canadian markets. Although the company remains cautious, the company did post an increase in net sales totaling $2.59 billion, a 10.7% increase year-over-year.

Yahoo Finance Anchors Madison Mills and Seana Smith break down the latest developments for Molson Coors and how younger generations' movement away from alcohol may impact the company.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Nicholas Jacobino