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Stock impact report

Beer sales are struggling. Anheuser-Busch isn't [Yahoo! Finance]

Molson Coors Beverage Company Class B (TAP) 
Last molson coors beverage company class b earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.molsoncoors.com/overview/default.aspx
Company Research Source: Yahoo! Finance
Struggling beer sales should spell doom for the world's largest brewer. Anheuser-Busch InBev hasn't gotten that memo. The company has emerged on the other side of a Bud Light boycott as a bright spot among an industry grappling with customers that are drinking less or ditching beer entirely. Shares are hovering at five-year highs, Michelob Ultra is the top-selling beer in America and its canned cocktails are a hit with drinkers. The Budweiser-maker set out a few years ago to be known for more than just beer — and its plan is working. “Anheuser-Busch has done a really good job diversifying their portfolio,” said Dave Williams, president of beer analysts Bump Williams Consulting. The company acted with urgency to expand beyond beer into the fast-growing categories of non-alcoholic beer and ready-to-drink choices. That's “helped alleviate or offset some of the ongoing pressures that they and a lot of other (beer) manufacturers are seeing,” Williams added. Anheuser-Busch decl Show less Read more
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