
Is alcohol the next tobacco and why alcohol stocks are falling
Investing.com -- Bernstein analysts, in a note Monday, highlighted that U.S. alcohol consumption is in decline, leading to growing concerns among investors that alcohol may follow the same trajectory as tobacco—a sector that faced long-term volume declines due to health concerns and regulatory pressures. Per capita alcohol consumption fell ~3% in 2024, marking a 10% drop from 2021’s peak ...