There are opportunities for investors as the prices of beer, wine and spirits rise on higher costs for bottles, labels and boxes used for shipping
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There are also signs that consumers are reacting to rising economic uncertainty by shifting to lower-priced choices. That’s maintaining volumes on one hand but squeezing margins on the other. In the beer space, they might move from a domestic craft or import to a more value-type beer, he adds.One is a company like Waterloo Brewing Ltd., based in Kitchener, Ont., whose brands include Landshark Lager and Laker. Laker accounts for three-quarters of Waterloo’s branded volume, Mr. Corcoran says, and benefits from more frugal consumer habits.
The better news is that Ontario’s move to sell beer and wine sales in grocery stores gave domestic wineries a boost. Consumers embraced it as “a one-stop shop,” for wine and beer to avoid a second trip to the liquor store. Online sales also grew significantly as consumers opted for the ease and safety of home delivery.
“It’s about changing preferences,” Mr. Souter says. “Flavoured gins, bourbons and scotches have an exotic feel to them. That subtracts consumer attention from wine.”, based in Calgary, costs are rising faster than the prices they charge. In most categories, they’re up against multinationals that have more room to absorb the cost increases.of Toronto, controlled by France-based beverage giant Pernod Ricard SA. Its brands include J.P. Wiser’s Canadian whisky and Lamb’s Rum.
Corby also has the best dividend yield at 5.4 per cent versus 4 per cent for Andrew Peller and 3.1 per cent for Waterloo. Corby has the lowest trailing price-to-earnings ratio as of June 17 and its shares have been the top performer. Corby is 4 per cent higher year-to-date, while Peller and Waterloo are down by 27 per cent and 34 per cent respectively.
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