Molson Coors cuts annual forecasts on tariff pressures

May 8 (Reuters) - Molson Coors TAP.N lowered its forecast for annual sales and profit on Thursday, in anticipation of Trump's tariffs weighing on beer demand, sending the company's shares down about 9% in premarket trading.

The company expects a low single-digit decline in annual net sales, compared with previous expectations of a growth in the low-single digits.

Molson Coors also sees a low single-digit increase in annual adjusted profit, compared to prior expectations of a high single-digit increase.