Pabst Glides into New Year with New Brewery Supplier, New Headquarters, New Momentum

Dear Client:  Pabst Brewing Co. is coming off a banner year, with volumes up 6.8% and dollars up 7.7% in year-end Circana (up 8.6% in NIQ). Pabst CEO Paul Chibe indicated that PBR ended the year up 12.8% in NIQ. In addition, you've got "Rainier up ~13%, Old Style up 10%, Lone Star up 7%, Lone Star Light up 33%. So as a general rule, the portfolio performed very, very well."  Some of that is Pabst benefiting from the fallout