The Globe and Mail reports in its Wednesday, Aug. 6, edition that Molson Coors Beverage has lowered its financial forecasts for the second consecutive quarter due to decreased consumer demand in the U.S. and higher can costs from aluminum tariffs. The Globe's Nicolas Van Praet writes that the company now anticipates a decline of up to 10 per cent in underlying earnings per share this year, changing from a previous forecast of low single-digit growth, and has also reduced its sales outlook while keeping its free cash flow guidance unchanged. Chief executive officer Gavin Hattersley said sentiment among American consumers in particular is being bruised by a variety of factors, including geopolitical events and immigration policies, and has not recovered in recent months. That, as well as the company's lower-than-expected U.S. market-share performance and "higher-than-expected indirect tariff impacts" on aluminum pricing, has convinced management to lower the financial outlook for the year. Consumer confidence is cyclical and will return but "we're not seeing any signs of that changing in the balance of the year," Mr. Hattersley told analysts on a conference call.