In 2020 and 2021, alcohol stocks were among the best-performing consumer staples stocks. But it's been a different story over the last three years. Higher prices brought on by inflation have caused many consumers to cut back on consumption. Or, in some cases, move away from more expensive wine and spirits to beer.
However, the long-term outlook for this sector still remains bullish. A study by Allied Market Research shows the industry growing at a compound annual growth rate of 2.2% between 2021 and 2031. That would have the industry valued at over $2 trillion.
In this special presentation we're looking at seven alcohol stocks that are looking like interesting buys heading into 2025. These are companies that have popular, even iconic brands, which can provide pricing power and strong free cash flow. And many of these companies make a commitment to rewarding shareholders with share buybacks and/or dividends.
Click the "Continue to Slide #1" button to view the first company.
