3 ms·
> In late July, Goldman Sachs downgraded both Boston Beer Company and Constellation Brands based on data suggesting that younger consumers prefer wine and spiri
by TYPE_FASTER 9y ago
> In late July, Goldman Sachs downgraded both Boston Beer Company and Constellation Brands based on data suggesting that younger consumers prefer wine and spirits to beer, as well as the fact that they're drinking less alcohol than older generations more generally.
Not to mention the number of breweries has grown from 2,751 in 2012, which was a record then, to 4,144 in the beginning of 2016.
- matheweis 9y agoYea, I wondered if they even have accurate numbers for beer - you mention the doubling of breweries in the last few years - on a slightly larger timeline it's even more pronounced - it has gone from next to nothing in the last decade and shows little sign of slowing down: https://www.brewersassociation.org/statistics/number-of-breweries/ https://www.brewersassociation.org/statistics/number-of-brew...