How These 5 Beer Companies Have Performed So Far This Year
Of those Americans who consume alcohol, 41 percent prefer beer, 31 percent wine and 23 percent named liquor.
As of 2013, there were about 2,822 breweries in the U.S, including 119 regional breweries, 1,412 microbreweries and 1,237 brewpubs. The number has risen to more than 3,000 so far in 2014.
Given that summer is considered prime “beer-drinking” season, here are five well-known brewers and some of their performance stats to date in 2014.
Anheuser-Busch is the leading American brewer with a 47.6 percent share of beer sales to retailers.
Also cited was lower interest expense versus last year.
Cramer said, “The beer market can do no wrong. People love the margins and they love the consolidations.”
Privately owned D.G. Yengling & Son has the distinction of being the oldest operating brewing company in the U.S.
Yuengling was established in 1829 and is one of the largest American-owned breweries by volume in the country, tied with Boston Beer for that honor.
Yuengling has made news recently by announcing it would expand into Connecticut, adding to previous launches in Massachusetts and Rhode Island.
The Massachusetts move earlier this year was the company’s first expansion since it launched in Ohio in 2011.
At the time of this writing, Jim Probasco had no position in any mentioned securities.
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