Due to local pubs, clubs, and restaurants closing during statewide lockdowns, global alcoholic beverage consumption fell by 6.2 percent in 2020. The alcohol industry was also damaged by supply chain disruptions, with aluminum and glass shortages generating bottlenecks in the packaging of beverages. In 2021, the global alcohol sector is predicted to rise by 3%. Whiskey is getting more popular in the United States and India. Sales of ready-to-drink alcoholic beverages have increased by 597 percent and 193 percent, respectively, over the previous year.
Here is Insider Monkey’s list of the 11 best liquor stocks. Pernod Ricard SA reported $2.34 billion in third-quarter sales and 19 percent organic growth in the first nine months of 2021. Jameson, Avion, Ricard, Malibu, and Pernod are just a few of the trademark brands. The financial performance of Rémy Cointreau SA for the first half of 2021-2022 has been released. On an organic basis, revenue increased by 52 percent to €645.3 million. The EPS for the period was €2.95, up 126 percent. Corby Spirit and Wine Limited is a Canadian alcoholic beverage manufacturer and distributor. The firm is the owner of the top-selling Canadian liquor brands. J.P. Wiser’s Whisky, Lamb’s Rum, Polar Ice Vodka, and McGuinness Liqueurs are some of the company’s most popular drinks. Compaa Cerveceras Unidas S.A. is the region’s largest brewer and second-largest winemaker. Cider, beer, spirits, and wine are among the alcoholic and non-alcoholic beverages produced by the corporation. One of the finest liquor stocks to purchase right now is MGP Ingredients, Inc. Fine whiskeys, ryes, bourbons, gins, and vodkas are the company’s main focus. At $176.61 million, revenue for the quarter beat expectations by $28.66 million. For more details, click the 11 Best Liquor Stocks To Buy Now.
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