Beer and football remain a natural pairing, but not so much in 2020 compared to prior years, according to BeerBoard.
Kansas City An Exception
BeerBoard, a real-time data, insights and consumer engagement platform, said in a Monday report that total beer volume fell 1.3% year-over-year on Super Bowl Sunday. The data is compiled from readouts at national casual dining concepts and major regional and independent bars.
Beer sales in Kansas City rose 21.3% from 2019, but beer sales in San Francisco were mostly flat year-over-year at negative 3%.
Bud Light In Decline
BeerBoard's data breaks down beer sales by category, which could offer investors insights into who is winning the ultra-competitive and declining beer space.
The biggest winner in terms of year-over-year gains was Anheuser Busch Inbev NV BUD as sales of Michelob Ultra rose 28.7% and sales of Modelo rose 27%.
The third-biggest winner was Molson Coors Beverage Co TAP, as sales of Coors Light rose 10.9%. On the other hand, Budweiser's Bud Light sales fell 22%.
IPA sales were up 28%, followed by lagers at 6.7%. Sales of light lager were down 1.2%.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.