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US beer slowdown “cyclical” and will ease, Molson Coors CEO says

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Summary
Nutrition label

74% Informative

Molson Coors CEO Gavin Hattersley says US beer industry was “down around 5% ” in the first quarter .

UK industry had “soft start to the year”, Hattersly said.

Company reported an 11.3% fall in first-quarter net sales to $ 2.3bn .

Company says macroeconomic conditions had led to “industry softness”.

TD Cowen lowered its target for Molson Coors ’ shares off the back of the results and new forecasts.

Analyst: “We think the company systemically overestimates long-term U.S. beer category at -1 to -2%”.

VR Score

79

Informative language

80

Neutral language

89

Article tone

informal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links