Cervecerias Unidas: Q1 Earnings Snapshot
SANTIAGO, Chile — SANTIAGO, Chile — Compania Cervecerias Unidas (CCU) on Wednesday reported first-quarter profit of $60 million.
The Santiago, Chile-based company said it had net income of 32 cents per share.
The wine, spirits and soft drink company posted revenue of $848.5 million in the period.
Cervecerias Unidas shares have increased 35% since the beginning of the year. The stock has climbed 20% in the last 12 months.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
5 hours ago
- Bloomberg
Finance Chief Signals That Colombia Will Suspend Fiscal Rule
Colombian Finance Minister German Avila signaled that the nation will suspend its fiscal anchor and also called for substantial interest rate cuts. Complying with the fiscal rule, or balanced budget act, 'as if it were a religion' would paralyze the state and the economy, Avila told bankers in a speech in Cartagena.
Skift
10 hours ago
- Skift
Breeze Airways IPO in 2026? 'There Could Be Window for That,' CEO Says
Breeze reported its first profitable quarter this year, and CEO David Neeleman said the company is 'building cash.' An IPO for Breeze Airways could be on the horizon for 2026, according to CEO David Neeleman. 'I think if by next year, if there's a rebound in equities, there could be a window for that,' the serial airline entrepreneur said in an interview with Skift. Breeze's business model relies on connecting travelers in areas with little to no commercial air service to popular leisure destinations. The low-cost carrier, which launched in 2021, reported its first profitable quarter in January. Revenues for the airline were up 78% during the fourth quarter compared to the same time in 2023. Neeleman said an IPO would depend on market conditions. Airline stocks plummeted this past year after President Donald Trump announced a sweeping set of tariffs that would be imposed on most imports to the U.S. While the stock market overall has rallied back, airlines stocks have lagged. 'A lot of that depends on the market conditions,' Neeleman said. 'Airline stocks are pretty cheap right now because of the uncertainty. We're a discretionary spend. So whenever you go to potential threats of slow down and consumer confidence is down, then airlines are the leading indicators for that.' Neeleman added that Breeze does not need to raise capital. 'A couple of reasons you need to go public is you need capital,' Neeleman said. 'We don't need that. We're in good shape from a cash position. And then in the last two quarters, we've increased cash. We're kind of building cash.' But if Breeze were to go public in the near future, Neeleman said it would be mostly for giving shareholders liquidity. A Positive Summer for Breeze For the summer, Neeleman said Breeze is seeing strong demand, even for domestic travel, which multiple airlines have reported is softening. Some airlines have also reported a delay in summer bookings. Southwest CEO Bob Jordan said at an investor conference in May that customers are 'waiting to make decisions, including for the summer.' 'It's strong for us,' Neeleman said. 'I think our team has done a really good job of picking routes. We move around seasonally a little bit. So we do more North-South in the wintertime. And then we do East-West in the summer with more concentration in the mid-Atlantic section.' He added that a lack of competition on most of Breeze's routes has also helped with summer demand. 'I think the most dire predictions for the summer have been maybe overstated because our bookings are good,' Neeleman said. 'We feel really good about how the summer's materialized.' What am I looking at? The performance of airline sector stocks within the ST200. The index includes companies publicly traded across global markets including network carriers, low-cost carriers, and other related companies. The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more airlines sector financial performance. Read the full methodology behind the Skift Travel 200.
Bloomberg
11 hours ago
- Bloomberg
Colombia Assets Extend Drop on Reports Fiscal Rule May Be Paused
Colombia's bonds and currency sold off on Friday amid investor fears that the government may suspend the fiscal anchor that curbs its ability to run up debt. The nation's dollar-denominated bonds slumped as much as 1.8 cents on the dollar and the peso slipped as much as 1.2%, among the biggest falls in emerging markets, according to indicative pricing data compiled by Bloomberg.
