White Claw is hot now, but Wall Street thinks other hard seltzer companies will beat it

  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

White Claw is America's top-selling hard seltzer, but industry analysts expect rival spiked seltzer brands will soon chip away at its dominance.

One to watch is Truly, which is Boston Beer's version of White Claw. Analysts at Guggenheim forecast sales of the alcoholic drink to grow three-fold over the next two years, according to a new report released Monday.Why America has a White Claw shortageTruly sales will help bolster Boston Beer's bottom line so much that the analysts have raised its earnings estimates for the next three years.

Other competitors include Bon & Viv and Natural Light Seltzer, which is manufactured by Anheuser-Busch . That company is reportedly launching a third hard seltzer drink with Bud Light branding. The company recently told CNN Business that Bon & Viv sales have increased year-over-year, but Guggenheim said it's losing share of the market compared to rivals.Truly has also said it's facing a shortage, which Guggenheim said might be hindering its sales.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

naturallight coming in to take the crown after it helps fourloko into their apartment from passing out.

Y WOKE UP WANTING A DRINK REALLY BAD

Hard Seltzer, now with extra soy for you CNN viewers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines