Latest news with #beerindustry
CNA
08-05-2025
- Business
- CNA
Brewer AB InBev's Q1 profit surges ahead of forecasts
LONDON :Anheuser-Busch InBev reported a 7.9 per cent rise in first-quarter operating profit on Thursday, beating analysts' estimate by more than double, as the beer brewer grew its margin despite a fall in sales volumes. Analysts had expected the world's top brewer to report a 3.1 per cent rise in organic operating profit in the three months ended March 31. The brewer behind Corona and Stella Artois has cheered investors with its performance in recent quarters. But U.S. President Donald Trump's tariffs now pose a threat to consumer sentiment in one of its most important markets, the United States. AB InBev saw a 5.1 per cent year-on-year drop in U.S. revenues in the reported period and attributed the decline to fewer selling days, a late Easter and bad weather. The company sold 2.2 per cent less beer globally in the quarter, a decline that was less severe than feared. Industry peers, such as Heineken, also reported lower sales volumes. Reduced sales costs and effective overhead management boosted margin expansion, AB InBev said. "The consistent execution of our strategy by our teams and partners drove a solid start to the year and reinforces our confidence in delivering on our outlook for 2025," CEO Michel Doukeris said.
Reuters
08-05-2025
- Business
- Reuters
Brewer AB InBev reports Q1 profits more than double forecasts
Cans of Budweiser beer are displayed on a supermarket shelf in Shanghai, China February 24, 2022. REUTERS/Aly Song/File Photo Purchase Licensing Rights , opens new tab LONDON, May 8 (Reuters) - Anheuser-Busch InBev ( , opens new tab on Thursday reported a 7.9% rise in first-quarter operating profit, well ahead of analyst estimates for 3.1% growth. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Reporting by Emma Rumney; Editing by Christian Schmollinger Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Bloomberg
08-05-2025
- Business
- Bloomberg
Budweiser APAC Sees Continued Pinch From Weak China Demand
Budweiser 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.
