North America Equity Research 18 November 2024 J P M O R G A N U.S. Alcoholic Beverages Feedback from 2024 Beer Insights Seminar We attended the 30th Annual Beer Insights Seminar in NYC in person today. This conference gathers several beer and adjacent alcoholic/cannabis beverage participants including brand owners including OW-rated Constellation Brands (STZ, OW-rated), Anheuser Busch (ABI, covered by Celine Pannuti), Reyes Group (Iargest Beer wholesaler and one of the largest Coca Cola bottler in the US), ...