Pre-merger with InBev AB was creeping very close to 50% market share across all brands. Miller had about 17% and Coors about 12%. U.S. only. Everybody else fought over the last ~20%.It has been trending downward for 7 years, losing half of its value. The craft beer industry probably has a big hand in this. Sales will probably go down and the stock will have ups and downs for the rest of its lifecycle.
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Over the last 15 years the U.S. beer market has become much more fragmented, with all the macros losing share to the craft brewing industry.