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Beer demand stumbles as gas prices surge, data show
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- U.S. beer sales have dropped more sharply than expected, as new scanner data points to weakness in the category.
- The slowdown is also raising concerns on Wall Street that higher gasoline prices may be pressuring discretionary spending, especially in convenience retail.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
U.S. beer sales have dropped more sharply than expected, as new scanner data points to weakness in the category.
The slowdown is also raising concerns on Wall Street that higher gasoline prices may be pressuring discretionary spending, especially in convenience retail.
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