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Wine and Beer Makers Wait for Recovery

Wine and Beer Makers Wait for Recovery

Americans are reportedly drinking more at home as lockdowns continue, but the shift has done little to buoy turbulent wine, beer and spirits stocks. A

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Americans are reportedly drinking more at home as lockdowns continue, but the shift has done little to buoy turbulent wine, beer and spirits stocks.

Among the biggest players in the industry, U.K.-based Diageo PLC is down about 16% so far this year. Constellation Brands Inc., a U.S. wine, beer and spirits manufacturer, is down about 4%. Crimson Wine Group Ltd., a smaller publicly traded vineyard in Napa, Calif., is down 35%.

Without…

This post first appeared on wsj.com

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