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To meet current demand, most brewing companies shifted their operations online during the early months of the COVID-19 pandemic. Because the resurgence of COVID-19 cases has lately been reducing patronage of bars and restaurants, the introduction of new flavors and online operations should help beer companies stay afloat. In addition, as a consumer staple, the industry might attract investors’ attention amid these uncertain times. The global beer market is expected to grow at a 2.6% CAGR between 2020 – 2027. Therefore, we think both ABEV and TAP should benefit.
While TAP has gained 7.6% returns year to date, ABEV share price has surged 13.5%. In terms of the past year’s performance, ABEV is a clear winner with 36.3% gains versus TAP’s 28.6%. But, which of these stocks is a better pick now? Let’s find out.
