US Beer Scanner Data: Volumes remain weak, but sequentially less worse in June

Research evidence excerpt

US Beer Scanner Data: Volumes remain weak, but sequentially less worse in June

7 July 2026

Americas Alcoholic Beverages

US Beer Scanner Data: Volumes remain weak, but sequentially

less worse in June

Volumes remain weak, although there was some sequential improvement from May Nadine Sarwat, CFA

+44 20 7676 6849 on a 4wk basis. On a 2wk trailing basis, the market was down -6.4%. On a 4wk trailing

nadine.sarwat@bernsteinsg.com basis, market volumes declined -5.8%. Looking through weekly volatility, industry volumes

were down -6.4% on a longer, 12wk trailing basis. Whilst volumes remain very weak, the

Trevor Stirling industry has seen some respite from the -7% to -8% declines seen throughout May, which

+44 20 7676 7521

trevor.stirling@bernsteinsg.com we believe was likely driven by higher gas prices (for more on the consumer, see: Best of

Times, Worst of Times: How to invest amidst shifting class dynamics and the US K-shaped

Matthew Cheung economy). The weakness has been broad-based amongst brewers, although STZ continues

+44 20 7676 6809 to see volume declines less worse than the wider market.

matthew.cheung@bernsteinsg.com

STZ remains the relative winner, with 60bps share gain YoY on a 12wk trailing basis.

Asavari Paluskar, CFA, CA (India) On a 2wk trailing basis, STZ volumes declined -1.5%. On a 4wk trailing basis, STZ volumes +44 20 7676 7291

asavari.paluskar@bernsteinsg.com declined -1.1%. On a longer, 12wk trailing basis, STZ volumes were down -3.4%. At a brand

level on a 4wk trailing basis, Modelo Especial fell -3.5% YoY, Corona Extra declined -5.2%

Specialist Sales YoY and Pacifico grew +17.0% YoY. Overall, STZ posted a market share of 18.1%, with 60bps

of share gain YoY.

Alix Turner

+44 20 7762 4044