If You Invested $1,000 In Boston Beer Stock When Truly Hard Seltzer Was Launched, Here''s How Much You''d Have Now
Well-known for its flagship Samuel Adams beer brand, the Boston Beer Company Inc (NYSE: SAM ) is the owner of a portfolio of brands that includes Twisted Tea and Truly Hard Seltzer. Here’s a look at how the company’s stock has performed since the launch of Truly, one of the top hard seltzer brands in the world. What Happened: The hard seltzer market has been one of the fastest growing alcohol categories and more growth is expected. A new report from Acumen Research and Consulting listed the global hard seltzer market at $8.6 billion in 2021 and said it could grow to $41.7 billion by 2030. Expected compound annual growth of 19.7% from 2022 to 2030 is a reason why beverage companies such as Coca-Cola Co (NYSE: KO ) and PepsiCo, Inc. (NYSE: PEP ) are Full story available on Benzinga.com
If You Invested $1,000 In Boston Beer Stock When Truly Hard Seltzer Was Launched, Here''s How Much You''d Have Now
Well-known for its flagship Samuel Adams beer brand, the Boston Beer Company Inc (NYSE: SAM ) is the owner of a portfolio of brands that includes Twisted Tea and Truly Hard Seltzer. Here’s a look at how the company’s stock has performed since the launch of Truly, one of the top hard seltzer brands in the world. What Happened: The hard seltzer market has been one of the fastest growing alcohol categories and more growth is expected. A new report from Acumen Research and Consulting listed the global hard seltzer market at $8.6 billion in 2021 and said it could grow to $41.7 billion by 2030. Expected compound annual growth of 19.7% from 2022 to 2030 is a reason why beverage companies such as Coca-Cola Co (NYSE: KO ) and PepsiCo, Inc. (NYSE: PEP ) are Full story available on Benzinga.com