Constellation Says Off-Premise Beer Sales are Lackluster

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Yesterday

1533 ET - Constellation Brands says off-premise beer sales remain lackluster. The beer company sees more opportunity to sell on premises like in bars and restaurants, where demand for beer is still high, Fink says at Barclays' consumer staples conference. However, industry data from August showed that people are not buying beer to take home with them. Fink says this is likely linked to rising gas prices. He says it is a matter of time to see whether macroeconomic pressures will have a long-term impact or will be a quicker cycle. "I think there are a lot of cyclical headwinds right now that will dissipate at some point, but time will tell," he says.

 

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