Beer vs wine: time to invest in brewers?
While spirits companies such as Diageo and Pernod Ricard enjoyed strong demand during the pandemic and post-pandemic era, IGTV's Angeline Ong looks at why beer brewers like Heineken and Anheuser-Busch InBev are set for a comeback.
(AI Video Summary)
Beer gains industry popularity
During the lockdown, there was a big increase in the sales of wine and spirits. Companies like Diageo and Pernod Ricard made a lot of money because people were staying at home and had extra cash to spend. But things are starting to change now, and if you want to invest in this industry, it's better to look at beer instead. Anheuser-Busch InBev and Heineken have seen their stock prices go up, which is a good sign. They're no longer stuck in a pattern of trading at the same level, so things are looking positive for them. This is exciting news for beer enthusiasts.
Wine and spirits take a turn
Unfortunately, Diageo and Pernod Ricard haven't had the same success in the long run. While they did well at first, their stock prices have gone down from their peak levels. One reason for this could be the fact that people all around the world have been struggling with a high cost of living for a long time. Because of this, consumers are now looking for cheaper alternatives to drink. This change in behavior is expected to help global alcohol brands since they offer more affordable options.
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