1241 ET - Molson Coors's 1Q results demonstrate that financially squeezed U.S. alcohol consumers aren't trading down in their drinking preferences, but instead are sticking to their preferred brands and simply choosing to drink less, Bernstein analysts say in a research note. The quarter had a lot of quirks, like being compared against an inventory buildup in 1Q of last year, the discontinuation of contract brewing, one fewer selling day and some transition fees related to the acquisition of Fever-Tree, the analysts say. But an 8.8% volume decline among its U.S. brands, volume declines overseas and a guidance cut stand out as big negatives, the analysts say. Shares slide 3.7%. (dean.seal@wsj.com)

(END) Dow Jones Newswires

May 08, 2025 12:41 ET (16:41 GMT)

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