Cash-strapped consumers are giving Australia's liquor makers a headache
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
0mins
Should l Buy ?
Source: Reuters
Impact of Cost of Living Crisis: The Australian alcohol industry is experiencing a significant downturn, with sales growth at its slowest in 25 years, as consumers cut back on spending due to rising costs and health concerns, leading to reduced profits for major retailers and producers.
Shift Towards Abstinence: There is a growing trend of abstinence from alcohol among Australians, particularly among younger generations, driven by health awareness and financial pressures, which may hinder the industry's recovery in the coming years.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
