Thursday, November 07, 2024

Economy Bad? BEER Sales Off!

We suspect that it's not the economy.

Molson Coors Beverage Co., the company behind Miller Lite, Molson Canadian, and Blue Moon, reported third-quarter sales that missed Wall Street expectations and forecasted a decline for the year. The brewer cited a challenging macroeconomic environment in the US that pressured consumers, reducing beer demand for the quarter. ...

Meantime, micro-brew operations continue to spring up and sell beer.  Lots of beer.

Separately, Molson announced the closing of the "home" brewery of its Leinenkugel's brand, located in Chippewa Falls, WI.  That place was in operation for 160 years or so; it's the seventh-oldest brewery in the United States.

Seems like they can't sell that stuff, either.


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