Molson Coors, the parent of Milwaukee’s Miller Brewing Co., said its 2026 sales and profits will be lower than previously forecast, according to a report in the Milwaukee Journal Sentinel.
Citing inflation as an economic headwind that cost it $30 million in the third quarter, the Chicago-based brewer projects annual sales to drop 1-2%, compared to flat sales in an earlier forecast.
It also expects net income to drop 21-24%, compared to 15-18% in the previous estimate.
The revised projections are partly based on disappointing quarterly sales, which were down 1.6% to $2.92 billion in the third quarter.
The company reported a quarterly net income of $271.5 million after reporting a substantial loss of $2.9 billion in the same quarter of 2025.
