Consumer BehaviorBeer distributors representing a large swathe of regions had many theories on recent weakness in beer, but what seemed to unite the group: the consumer is soft, administration policies, poor weather, and other factors like cannabis use and younger consumers drinking less.
Financial PerformanceResults were worse than feared, with Q1 net sales down 11.3%, weighed by a tough macro environment and heightened competitive pressures.
Industry TrendsThe US beer industry continues to decline below historic trends, market share loss continues and valuation reflects uncertainty.