Friday, November 9, 2012

Beer Sales In Canada And The NHL Lockout - Business Insider

Lost in the glamour of a newly-christened NBA season comes yet another harsh reality of a winter without the NHL: lagging Canadian beer sales.

Hockey season is a time when our northern neighbors cozy up with the cheap brews to enjoy the nation?s game.

But with empty arenas and bars, and Red Green Show re-runs on TV, Molson Coors Brewing Co. is reporting overall sales have flat lined.

Naturally, it seems a nation of frenzied hockey fans would mean the best of both worlds for breweries: drink with fervor during a normal season, or drink out of despair over another one lost.

But perhaps in the latter case, fans are turning to something stronger to drown their sorrows?anyone checked on Canadian whiskey sales lately?

Also, if you planned on shedding a tear for billion-dollar breweries for a few lost sales, it should be noted that while sales are down for Molson, profits are slightly up thanks to a $3.4 billion acquisition of European brewer StarBev. And, as always, remember to pour one out for the NHL non-season.

Source: http://www.businessinsider.com/beer-sales-in-canada-and-the-nhl-lockout-2012-11

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