Quotes by Benj Steinman

“There was a general assumption - that is proving somewhat erroneous - that the baby boomers would continue with the consumption patterns that they established in their youth. Instead, theyre doing more like what prior generations did as they got older, and switching their drinking habits to wine and spirits.”

“Irrespective of whos right on whether the taste changed, its a continuation of a campaign Miller has had for two years.”

“It took a while to get into it. Its going to take a while to get out of it.”

“It was a major overhang. The unsettled nature of it was a large potential liability. Settling this, Im sure, was a priority for them.”

“The positive thing to note is that they actually had improving results as the year went on. But they were going against a very easy comparison -- they were down 3% in last years fourth quarter.”

“Wine and spirits are outperforming beer, ... Its been a reversal of a decade-long trend.”

“Wine and spirits are outperforming beer. Its been a reversal of a decade-long trend.”

“Its wholesalers are clamoring for high-margin, growth brands. Anheuser has promised to deliver them, but they cant just create them.”

“I dont think a lot of these new products are big bets. Most of them are experiments in an attempt to address the changing consumer dynamics.”