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Molson Coors Sales Fall 3.3% as Macroeconomic Headwinds Hit Demand

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Molson Coors TAP 2.26%increase; up pointing triangle Beverage said second-quarter sales fell as the company tries to balance sluggish customer demand with higher supply costs.

The beer industry had a solid start to the year, but is now weathering iffy consumer demand as the war in Iran is sparking widespread inflation, Chief Executive Rahul Goyal told analysts on a call Thursday.

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