Latest news with #brewing
Reuters
2 hours ago
- Business
- Reuters
Brazil, China drag on AB InBev's volumes, but profits beat estimates
LONDON, July 31 (Reuters) - Beer giant Anheuser-Busch InBev ( opens new tab beat second-quarter profit estimates on Thursday even as beer volumes slipped, dragged back by weak sales in China and Brazil. The world's top brewer by volumes said its organic operating profit in the three months to end-June rose 6.5%, ahead of analyst expectations of a 5.7% rise, thanks to revenue growth and cost management that expanded margins. AB InBev said its performance showed the resilience of its strategy in what CEO Michel Doukeris described in the statement as a "dynamic" operating environment. The maker of Corona and Stella Artois has outperformed on profits, cheering investors, and grown revenues by getting drinkers to pay more for its beers. But it and other top brewers have struggled to get volumes growing. Rivals say that U.S. tariff threats have dented beer sales both in the U.S. and elsewhere in the Americas - key regions for AB InBev. But the brewer did not mention trade tensions in its statement, putting soft industry sales in markets like Mexico, where Heineken flagged consumer caution due to tariffs, down to poor weather. Its volumes overall fell 1.9% organically in the second quarter, worse than expectations for a 0.3% decline. Heineken warned its volumes could be softer for the remainder of the year. AB InBev said bad weather also hurt beer sales in Brazil, where it underperformed the wider industry. In China, where AB InBev has been struggling to keep pace with fast growth enjoyed by rivals like Heineken, it saw a 7.4% decline in volumes. Sales of the company's portfolio of pricier beers have suffered in the world's largest beer market, where a sluggish economy has dented confidence.
Wall Street Journal
3 hours ago
- Business
- Wall Street Journal
Bud Brewer AB InBev's Profit Rises Ahead of Views Despite Sales Volume Decline
Budweiser brewer Anheuser-Busch InBev's ABI 0.83%increase; green up pointing triangle posted a rise in second-quarter profit, beating analysts' forecasts even as beer volumes continued to fall. The world's largest brewer, which also houses the Stella Artois and Corona brands among its portfolio, on Thursday said net profit for the quarter jumped to $1.68 billion from $1.47 billion in the same quarter of 2024.
Yahoo
3 hours ago
- Business
- Yahoo
Brewer AB InBev beats second-quarter profit forecasts, but volumes drag
LONDON (Reuters) -Beer giant Anheuser-Busch InBev on Thursday reported forecast-beating second-quarter profits even as beer volumes slipped, dragged back by weak sales in China and Brazil. The world's top brewer by volumes said its organic operating profit in the three months to end-June rose 6.5%, ahead of analyst expectations of a 5.7% rise, thanks to a 3% revenue growth and cost management that expanded margins. The maker of Corona and Stella Artois has outperformed on profits, cheering investors. But it and other top brewers have struggled to get volumes growing. For AB InBev, these fell 1.9% organically in the second quarter, well behind expectations for a 0.3% decline. The company said it underperformed a soft industry in Brazil, one of its key markets, where bad weather hurt beer sales. In China, where AB InBev has been struggling to keep pace with fast growth enjoyed by rivals like Heineken, it saw a 7.4% decline in volumes.
Yahoo
3 hours ago
- Business
- Yahoo
Brewer AB InBev beats second-quarter profit forecasts, but volumes drag
LONDON (Reuters) -Beer giant Anheuser-Busch InBev on Thursday reported forecast-beating second-quarter profits even as beer volumes slipped, dragged back by weak sales in China and Brazil. The world's top brewer by volumes said its organic operating profit in the three months to end-June rose 6.5%, ahead of analyst expectations of a 5.7% rise, thanks to a 3% revenue growth and cost management that expanded margins. The maker of Corona and Stella Artois has outperformed on profits, cheering investors. But it and other top brewers have struggled to get volumes growing. For AB InBev, these fell 1.9% organically in the second quarter, well behind expectations for a 0.3% decline. The company said it underperformed a soft industry in Brazil, one of its key markets, where bad weather hurt beer sales. In China, where AB InBev has been struggling to keep pace with fast growth enjoyed by rivals like Heineken, it saw a 7.4% decline in volumes. Sign in to access your portfolio
Forbes
12 hours ago
- Business
- Forbes
The New Ratio Coffee Maker Ditches Plastic—And Looks Great Doing It
Coffee is far from an afterthought at my house. I like to measure and freshly grind beans with each batch, and my small kitchen is overcrowded with tools like moka pots and milk frothers to suit caffeinated cravings when they strike. That's why I was excited to hear about the latest Ratio Eight Series 2 Coffee Machine launch, hailing from the Portland-based brand known for its aesthetically focused, pour-over style coffee makers that are handmade in the United States. The Ratio Eight Series 2 coffee maker is sleek, modern and brews consistently great batches. MONICA PETRUCCI FOR FORBES VETTED An upgrade from the brand's original Ratio Eight Coffee Machine (which will soon be discontinued), this luxurious model features a flat stainless-steel brewing basket for more even extraction, a plastic-free brewing path and two integrated recipe brew programs to choose from. But it maintains its original modern aesthetic, with clean lines, a solid wood finish and a stunning hand-blown glass carafe. The Ratio Eight Series 2 works differently than traditional drip coffee makers; it mimics meticulous pour-over techniques with zero effort required. The stainless-steel shower head saturates coffee grounds evenly, and the flat basket ensures a steady flow for consistently delicious, full-bodied coffee. The Series 2 also boasts brewing that's virtually plastic-free, as there's no hot-water-to-plastic contact while the coffee is being made. The prioritization of materials like borosilicate glass, stainless steel and FDA-grade silicone ensures durability, improves taste and minimizes the risk of microplastics. I can attest to the gustatory results produced by this machine. I tested it at home for a week, and each batch I made was consistently fragrant and flavorful, without leaning too bitter or acidic. The attention to detail that's integrated into the machine, in terms of precise brewing temperature and a science-backed blooming cycle, is immediately noticeable. And it couldn't be easier to use. The control panel matches the minimalist, sleek design of the rest of the machine. There's just one button: Press it quickly to activate the full cycle, and hold it down for the half-batch. The Ratio Eight Series 2 boasts a simplistic, modern design that's intuitive and prioritizes ... More high-quality brewing techniques. MONICA PETRUCCI FOR FORBES VETTED Although simplicity might be a pro for many users, keep in mind that this machine doesn't have the capacity to program a batch in advance or adjust brew strength. The pour-over technique also requires more patience than traditional drip brewers, as it took more than ten minutes to finish brewing a full batch during testing. You also can't pour yourself a cup while the full carafe is brewing. Once brewing is complete, take extra care while removing the basket as its stainless-steel build gets very hot. But for anyone who doesn't mind waiting for excellent quality coffee that's consistently full-bodied and delicious, this machine is hard to find fault with. Unlike most competitors, its brewing cycle is plastic-free, and it has an eye-catching aesthetic that looks chic on your counter. The Series 2 even comes at a price that's $100 cheaper than its predecessor (and it's even more discounted right now, during a limited-time presale). There are a few add-ons we recommend splurging for, including the thermal carafe and reusable coffee filter, since they're not included with the coffee machine but enhance the experience with less waste and hotter coffee.
