Anheuser-Busch has announced a $6 million investment in its Portsmouth, New Hampshire brewery. The funding will go toward building a state-of-the-art can line at the facility, which produces the company’s beer, cider and hard tea offerings. The revamped can line will enable the facility to brew and package a forecasted 29% more beer in 2023. In 2024, production is expected
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NEW YORK, Feb 9 (Reuters) – Vodka shot, anyone? Spirits like whiskey, cognac and tequila, a celebrity favorite, have surpassed beer’s U.S. market share for the first time due to price hikes and high-end cocktail trends, according to the Distilled Spirits Council of the United States. Drinkers last year bought more liquor such as Diageo Plc’s (DGE.L) Johnnie Walker Red scotch and
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Beverage companies are off to a rocky start in 2023, as Wall Street turns weary of falling hard seltzer sales. In a note to clients, analysts at Evercore ISI found traditional hard seltzer sales dropped 10.4% over the last four weeks, with sales of Boston Beer Company’s (SAM) Truly down 19.5% alone. On Wednesday, Jefferies analyst Kevin Grundy downgraded shares
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