Corona continues to do just fine thanks to my neighbour

My fellow inebriates,

Last month I published what turned out to be a rumour—that Corona beer sales have nosedived because of coronavirus associations.

Turns out I was wrong! Constellation Brands, which owns Corona, saw a 9% rise in stock value last week. Although the COVID-19 pandemic has shaken things up a bit for Corona (including brewery closures in Mexico), there is apparently enough inventory to weather the crisis. According to Constellation, more than 85% of Corona sales are made to individual buyers, not bars or restaurants, so sheltering in place won’t harm it too much.

Looks like one of my neighbours is helping.

D2012 Corona empties

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