drinkers

A customer passes by the brewery section at an H-E-B grocery store on March 02, 2023 in Austin, Texas. Budweiser owner AB InBev is the largest brewer in the world.Brandon Bell | Getty Images News | Getty ImagesBudweiser-owner Anheuser-Busch InBev on Thursday reported a jump in profit for the first quarter, saying the beer industry had proved resilient despite inflationary pressures.The Belgium-based brewing giant — the biggest in the world — reported core profit of $4.76 billion, up by 13.6% from the first quarter of…

Budweiser brewer Anheuser-Busch InBev SA BUD -0.74% reported a fall in sales volumes for the fourth quarter as drinkers in North America bought less of the company’s beer amid rising prices. The drop comes as companies across the consumer-products industry grapple with how much they can raise prices to offset rising costs without deterring shoppers. For much of the past year, AB InBev said drinkers weren’t giving up their brews despite…

Many Americans took to mixing cocktails at home during the pandemic, boosting liquor sales. Now, with inflation squeezing disposable incomes, big distillers are betting on another round of home drinking as consumers economize.Historically, around 80% of all U.S. alcoholic drinks sales were for home drinking, according to IWSR, a drinks market-research firm. That level rose to 90% during the pandemic, and sales at bars aren’t likely to return to pre-Covid levels for another four to five years, IWSR says. To capitalize,…

Shoppers are reaching less for the top shelf.For more than a decade, high-price drinks have driven sales growth in the wine and spirits industries as people traded up for fancier brands. That is now changing: Sales growth of costlier spirits and wine is slowing, and even reversing, as shoppers seek out more value.  The shift is another sign that behavior is changing among some of the least price-sensitive shoppers as economists forecast a recession. While demand for luxury goods has largely held up in the face of…

Based on an analysis of just under half a million records in the UK Biobank, people who drink two to three cups of coffee each day tend to live longer and exhibit less cardiovascular disease compared with those who abstain from the beverage.While the research doesn't claim drinking more coffee adds years to your life, it's nevertheless an intriguing association that scientists are keen to investigate further. It's also important to weigh the findings against previous studies linking brain shrinkage and an increased risk…

Bottles of Beam Inc.'s Jim Beam bourbon whiskey, center, are displayed for sale at a liquor store.Uriko Nakao | Bloomberg | Getty ImagesThe maker of Jim Beam said some price-sensitive whiskey and tequila drinkers are opting for cheaper bottles, making it the latest company to note diverging behaviors among lower- and higher-income customers.Beam Suntory CEO Albert Baladi told CNBC that the spirits company is starting to see "a little bit of tempering" of the super premium and ultra-super premium categories.Still, the…

LONDON— Diageo DEO 2.55% PLC reported a surge in annual sales and profit, buoyed by a recovery in trade at bars and restaurants as well as drinkers’ growing taste for the booze giant’s high-end spirits despite surging inflation.The owner of Smirnoff vodka and Guinness beer said Thursday it hasn’t yet seen any signs that drinkers are trading down to cheaper brands, indicating that while consumers are pulling back in some areas they are still willing to pay for high-end…

New research suggests that the brewing method and the sex of the drinker may be important to coffee’s link with raised cholesterol.Widest gender difference seen for espresso; narrowest for plunger (cafetière) coffee.The sex of the drinker, as well as the brewing method, may be key to coffee’s link with raised cholesterol, a known risk factor for heart disease, suggests research published on May 10, 2022, in the open access journal Open Heart.Drinking espresso was associated with the widest gender difference in cholesterol…

Starbucks CEO Howard Schultz, along with executive vice president and chief marketing officer Brady Brewer, explained to investors during their Q2 2022 earnings presentation that the coffee company will add “new concepts such as ownership and community-based membership models that we see developing in the Web 3 space.” Brewer went further, saying “Imagine acquiring a new digital collectible from Starbucks, where that product also serves as your access pass to a global Starbucks community, one with engaging content…