British pubs are worried they'll run out of Guinness [Yahoo! Finance]
Diageo plc (DEO)
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Source: Yahoo! Finance
Owner Pat Logue told CNN that this year he's already sold double the amount of Guinness that he did two years ago. The Irish stout, known for its distinctive warm brown color, creamy foam head and unique method of being poured (a proper pint of Guinness takes 119.5 seconds to pour ), has long been known as the drink of choice for rugby lads and men at the pub. Yet in the past two years, Guinness has skyrocketed in popularity, especially among young people and women. From July to October, sales of beer decreased 0.5% in the UK, according to CGA, a data insights firm for food and drink businesses. Yet across the same period, sales of beer increased by 23.2% for Diageo, which owns the Guinness brand. Specifically, sales of Guinness in kegs grew by 20.9%. By the end of October, Guinness was the top-selling beer in the UK by volume across 2024, according to Nielsen data that was shared with CNN. Social media influencers and marketing campaigns have helped to dispel notions that G
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