HEINY - Beer sales strong in the U.S. again at off-premises channels

Beer sales accelerated over the last four weeks, according to the latest Nielsen data on retail store sales. Total beer sales rose 13.7% for the four-week period that ended on October 31. "The hard seltzer category grew 101% YoY in the last 4 weeks (vs 12-week growth of 107%), achieving 8.1% share of the combined beer category (up ~350 bps YoY). Second to hard seltzer growth was hard tea, up 36.1% in the last 4-week period (flat with 12-week growth), followed by 4-week growth in imported beer of 14.1% (an acceleration from the 12.4% 12-week trend)," reports Cowen analyst Vivien Azer. Sales growth by company (Y/Y over four weeks): Anheuser-Busch InBev (BUD) +9.4%, Molson Coors (TAP) +4.5%, Constellation Brands (STZ) +17.1%, Heineken (HEINY) +10.2% and Boston Beer (SAM) +45.6%. Notable brand winners: Michelob Ultra Lager +25.7%, Blue Moon +20.6%, Pacific +32.5%, Truly +115%.Earlier: Investors warm up to beverage stocks on

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Beer sales strong in the U.S. again at off-premises channels