Wintrust Business Minute: Molson Coors anticipates fall in annual net sales this year

Wintrust Business Lunch

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Chicago’s Molson Coors says its annual net sales will fall this year. The beverage company blames what it calls “a challenging consumer environment” in the U.S. It’s brands include Coors Light and Miller Lite. Molson Coors says its sales will fall about 1% this year compared to last year. Third quarter net sales were down 7.8%. Other brewers are also struggling in the U.S. market because of depressed consumer spending, including Anheuser-Busch-InBev and Heineken.

Also, Chicago-based US Cellular will sell some of its spectrum assets to AT&T for $1 billion. Listen for more below:

https://serve.castfire.com/audio/7065600/7065600_2024-11-08-202600.64kmono.mp3

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