Tuesday, April 7, 2009

Beer still recession proof?

The recession has caused a dip in beer volumes in the U.S., but analysts say beer is regaining market share as consumers shift to lower-cost drinking options.
Domestic shipments are down so far this year, but with consumers spending more time at the supermarket and less time dining out, analysts expect beer to fare better in the economic downturn. Speaker:
Peter Swinburn, chief executive,
Molson Coors;
Ann Gilpin, research analyst, Morningstar
Conway Gittens reports from New York.

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