#Latest news with #BudweiserBrewingCoBloomberg08-05-2025BusinessBloombergBudweiser APAC Sees Continued Pinch From Weak China DemandBudweiser Brewing Co APAC Ltd. 's first-quarter profit saw a continued slump, as the beer sector continued to be battered by weak consumer demand in China. Net income for the quarter fell 18% to $234 million, roughly in line with the $234.6 million analyst estimate. China revenue declined by 12.7% with a high base and weaker geographic and channel mix, while double-digit Ebitda growth and margin expansion in South Korea helped offset ongoing challenges in the mainland.
Bloomberg08-05-2025BusinessBloombergBudweiser APAC Sees Continued Pinch From Weak China DemandBudweiser Brewing Co APAC Ltd. 's first-quarter profit saw a continued slump, as the beer sector continued to be battered by weak consumer demand in China. Net income for the quarter fell 18% to $234 million, roughly in line with the $234.6 million analyst estimate. China revenue declined by 12.7% with a high base and weaker geographic and channel mix, while double-digit Ebitda growth and margin expansion in South Korea helped offset ongoing challenges in the mainland.
08-05-2025
