The risks to alcohol and food stocks from Ozempic-like weight loss drugs
Unlike the sharp slide in snack stocks, shares of Constellation Brands (STZ) have gained more than 13% year to date.
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Modelo Especial beer arranged in the Brooklyn Borough of New York, U.S., on Tuesday, Nov. 23, 2021.
Gabby Jones | Bloomberg | Getty Images
The rise of new anti-obesity medications could result in less alcohol consumption, impacting Club name Constellation Brands (STZ). The risk already seems to be playing out in food stocks with exposure to snacks and junk food. However, if necessary, the Mexican beer powerhouse behind Corona, Modelo and Pacifico could take action to mitigate any demand pressures.
