Zacks Industry Outlook Highlights: Anheuser-Busch InBev, Diageo, Constellation Brands, Brown-Forman Corp and Boston Beer Co
What happened Boston Beer (NYSE: SAM) shareholders outperformed a rising market last month. Shares rose 12% in February compared to a 2.6% gain in the S&P 500, according to data provided by S&P Global Market Intelligence.
Boston Beer (NYSE: SAM) ended 2020 on a high note. Last week, the craft beer specialist announced industry-leading sales through December thanks to the Truly hard seltzer and Twisted Tea product lines. Every alcoholic beverage producer is targeting the popular hard seltzer niche, but Boston Beer defended its dominant position.