This post was originally published on this site
The beer industry suffered a setback amid the COVID-19 pandemic due to a dip in retail beer sales, with several stadiums, concert venues, bars, and restaurants closing their doors or operating at limited capacity. However, beer consumption is expected to increase in the coming months with the reopening of bars and restaurants with precautions to limit the spread of COVID-19. According to a Business Wire report, the global beer market is expected to reach $710.89 billion by 2025. So, both ABEV and SAM should benefit.
ABEV has gained 0.3% in price year-to-date, while SAM generated negative returns. Also, ABEV’s 11.6% gains over the past nine months are higher than SAM’s negative returns. Furthermore, ABEV is the clear winner in terms of the past nine months’ performance, with 34.1% price gains versus SAM’s negative returns.
