Coronavirus leads to £132m loss for Corona beer

The loss is due to people not going out... and absolute idiots

Rachael Hogg posted in Beer

33w ago

11.7K

About a month ago, we may have chuckled at the number of people searching for ‘corona beer virus’ on Google.

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But now, the owners of Corona beer (AB In Bev which also owns Budweiser and Becks), has reported a £132m loss – its worst quarter in 10 years.

This loss has come during the past two months that Coronavirus has been spreading throughout China.

The start of the year is usually a big time for beer sales because of Chinese new year.

AB is now forecasting one of the steepest ever declines in quarterly profits.

The company has said it believes the drop in profits is down to fewer people going out in public in China, with bars, restaurants and nightclubs heavily affected.

US drinkers avoiding Corona

On top of that, a survey conducted by 5W Public Relations has shown that 38% of beer drinkers in the United States would not, under any circumstances, buy Corona, as the Coronavirus spreads across the globe.

Also, 14% of respondents who said they regularly consume Corona beer admitted they wouldn’t order it in public, and 16% said they aren’t sure whether the virus is related to Corona beer or not.

Ronn Torossian, founder of 5WPR said, “There is no question that Corona beer is suffering because of the coronavirus. Could one imagine walking into a bar and saying, ‘Hey, can I have a Corona?’ or ‘Pass me a Corona’?”

So this weekend, maybe stay at home with a nice four-pack – oh sod it, why not an 18 pack? –and laugh at all the idiots that somehow think Corona beer is related to Coronavirus...

Have you been put off drinking Corona, because of Coronavirus?

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Comments (57)

  • It's only serious if you also have Lyme Disease.

      7 months ago
  • Show me the market so I can slap its stupid face.

      7 months ago
  • People are dumb...

      7 months ago
  • Stupidity and superstitious leads to “Collateral Damage”.

      7 months ago
  • I can't believe 16% of Americans "aren't sure" if its beer-related! And 38% wouldn't buy Corona! Don't these people have access to an internet?

      7 months ago
    • I think the problem is that they do have access to the Internet 😂

        7 months ago
    • How did P.J. O'Rourke put it ?

      " The internet has not just ushered in the age of post-literacy, but possibly also post-intelligence . A smart person may soon be described as ' well googled ' "

        7 months ago
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