Business

Molson Coors Sees Profit Decline, Sales Slump to $2.66 Billion

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Molson Coors TAP -4.86%decrease; red down pointing triangle logged lower profit and sales in its latest quarter as it continues to contend with softer demand for beer.

“It’s no secret that our industry is facing significant headwinds,” Chief Executive Rahul Goyal said during Wednesday’s CAGNY conference shortly after the company reported results.

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