How Beer’s Top Players are Closing out the Year

Dear Client:  Strapped with a batch of NIQ scans to December 2, Bernstein analyst Nadine Sarwat put fingers to keys to provide an update on how beer and a handful of the largest suppliers are closing out the year. Nadine kicks things off, noting that after “sobering months” of near 4% volume declines in September and October, “a bit of relief” was delivered in November with volume declining just 1.5%. The “relief” in volume declines during November brings the 12-week