Tag Archives: beer

Super Bowl LVIII is big beer’s prime-time opportunity to finally throw a touchdown to investors. Up until this Sunday’s marquee matchup in Las Vegas, the beer industry has largely been on defense the past two years. U.S. beer shipments fell to a 25-year low in 2023, according to new data out of BofA Securities, as politically and culturally-driven boycotts and consumer tastes shifting to hard seltzers and liquor have pressured industry sales. In the past two years alone, beer shipments have… Source link

[unable to retrieve full-text content]The best craft beer brand in Alabama, according to Yahoo! Finance  WIAT – CBS42.com Source link

[unable to retrieve full-text content]Best craft beer brand in Illinois, according to Yahoo! Finance  WGN TV Chicago Source link

DOHA, Qatar — Alcoholic beer will not be sold in and around World Cup stadiums after all, according to a Friday announcement from organizers that represents a stunning reversal two days before the tournament. Qatari authorities appear to have overruled FIFA, soccer’s global governing body and owner of the World Cup; and Budweiser, a longtime FIFA sponsor. For months, FIFA, Budweiser and Qatar, the 2022 World Cup’s controversial host nation, seemed to have found a middle-ground agreement… Source link

Economic slowdowns around the world hasn’t yet led to beer sales going flat for mega-brewer AB-InBev. “I think that demand is holding,” AB-InBev CEO Michel Doukeris said on Yahoo Finance Live (video above). “Beer as a category is very resilient.” AB-InBev produces everything from good old affordable Bud Light to more premium priced non-beers such as CutWater. Doukeris says not only haven’t beer sales waned this year, consumers don’t appear to be trading down to cheaper alternatives. “Not yet —… Source link

Premium-priced Corona and Modelo beers are darn near recession resistant, contends Constellation Brands CEO Bill Newlands. “Consumer demand has been very strong,” Newlands said on Yahoo Finance Live. “We have the benefit in this industry in this category of being somewhat recession resistant And we have seen no slowdown at a consumer level of purchasing against our brands.” To Newlands’ point, Constellation’s beer business — led by brands Corona, Modelo and Pacifico — outshined its wine… Source link

Beer and other concessions were free at Aviva Stadium at the Northwestern-Nebraska game in Dublin, Ireland, because all the credit card machines were down. And because the venue doesn’t accept cash and the machines can’t connect to Wi-Fi, workers at the game gave away as much as they could. How’s this for some Irish hospitality? The Omaha World-Herald, which was covering the event on-site, wrote that people were given “as many as he or she could carry in a cardboard drink carrier. One man… Source link

You don’t hear much applause at golf tournaments anymore. “The art of clapping is gone,” Tiger Woods said a couple years back. “Everyone’s holding a cell phone.” Oh sure, you’ll still hear plenty of “woo” and “mashed potato” and “Tiger Tiger Woods y’all” and, of course, “get in the hole.” (“Baba Booey” has faded as Howard Stern’s cultural footprint has diminished. “Brooksy” mostly vanished when Koepka and DeChambeau squashed their beef. And “dilly dilly” died the lonely, unmourned… Source link

Step aside Budweiser — Modelo and Corona are coming for your crown this summer. “Our beer business is doing extraordinarily well,” Constellation Brands (STZ) CEO Bill Newlands told Yahoo Finance Live (video above). “We really think [Modelo] is about to become America’s favorite beer.” Newlands has some data to support the proclamation. Constellation’s beer sales — driven by Corona, Modelo, and Pacifico — rose 14% in the most recent quarter. That marked a quicker pace than the 11%… Source link

Dallas Cowboys NFL Hall of Fame quarterback Troy Aikman is ready to take on Big Beer names such as Budweiser and MolsonCoors with the same intensity as he did long-time rivals the New York Giants on a Sunday primetime matchup.  Well sort of, but you get the point.  Aikman, 55, revealed Tuesday he will be launching EIGHT beer after two years of developing the product along with award-winning brewmaster and beer industry veteran Phil Leinhart. Billed as suds for the modern beer drinker — in… Source link