Guess Which Beer Is No Longer a Top 3 Brand in the U.S.
When it rains, it pours, the old saying goes, but unfortunately for the U.S.' biggest brewers, beer drinkers aren't pouring as many of their pints as they once did. Instead, they've turned to craft beer and, increasingly, Mexican imports.
In its third-quarter earnings report last month, Anheuser-Busch InBev (NYSE: BUD) saw its own production and sales fall. The megabrewer said North American volumes fell over 6% to 31.9 million hectoliters, while revenues were down 5% to $4.3 billion. Year to date, they're down almost 4% and 2.5%, respectively, suggesting the downturn is accelerating.
Image source: Anheuser-Busch InBev.
Source: Fool.com
Molson Coors B Stock
€48.84
-0.040%
Based on 4 Buy predictions and 4 Sell predictions the sentiment towards Molson Coors B is rather balanced.
With a target price of 56 € there is a slightly positive potential of 14.66% for Molson Coors B compared to the current price of 48.84 €.
