Is Corona Beer Being Hit by Coronavirus? Oh, Please. That’s a Stretch.

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Is Corona Beer Being Hit by Coronavirus? Oh, Please. That’s a Stretch.

Constellation Brands said Corona Extra beer sales grew 5% year over year for the four-week period ended Feb. 16.

Photograph by Scott Olson/Getty Images

The stocks of both the company that makes Corona beer, and shares of the one that markets it in the U.S., have been hammered by the coronarivus.

But so has the broader market. Neither stock in Anheuser-Busch InBev (ticker: BUD) nor shares of Constellation Brands (STZ) has taken an extra hit because Corona beer shares a name with the virus.

You wouldn’t know it from the internet. Several stories have popped up in recent days about Americans being unwilling to drink Corona beer because of the coronavirus. CNN tweeted out a survey saying 38% of Americans wouldn’t buy Corona beer. USA Today reported on Monday that Google searches for “Corona beer virus” spiked last week.

38% of Americans wouldn’t buy Corona beer “under any circumstances” because of the coronavirus, according to a recent survey.

Just to be abundantly clear: There is no link between the virus and the beer. https://cnn.it/398M5A9 

Corona beer sounds like coronavirus, but it’s not making any changes to its marketing

Corona beer isn’t making any changes to its advertising despite the name’s unfortunate similarity to the deadly coronavirus.

cnn.com

It should go without saying the two things—beer and the virus—aren’t linked in any way, apart from the colloquial term for the Covid-19 virus, which has led to a brutal drop in global stock markets.