NEW YORK -- Labor Day weekend produced strong beer sales, but gains likely were driven by discounting, which cuts into profits, a recently released survey suggested. In a survey of beer wholesalers by Citigroup beverage research here, 65% reported sales exceeded their expectations. Eighty-nine percent said discounting was heavier this Labor Day weekend over last year's. Citigroup surveyed about 40 wholesalers representing more than 30,000 retailers. "We remain concerned that volume growth ...
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