Beverages
Molson Coors Beverage saw Q2 FY2026 net earnings plunge 46% as Midwest Premium aluminum costs and a 5.4% shipment decline outweighed improved pricing and mix.
Key risk: Commodity Cost Volatility
The company is exposed to significant fluctuations in aluminum and fuel prices; the $40 million Q2 impact from Midwest Premium alone demonstrates the materiality of this risk, with management projecting $130 million full-year headwind.