Stella Artois brewer AB InBev cheers record sales in spite of China hit
1 month ago

Stella Artois brewer AB InBev cheers record sales in spite of China hit

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Corona and Stella Artois giant AB InBev has toasted record annual sales despite ongoing trading troubles in China. No- and low-alcohol brands also performed well, with the firm saying its no-alcohol portfolio delivered a “low-20s revenue increase” last year, led by Corona Cero. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: “AB InBev has managed to pour out impressive results despite a sharp drop in volumes in China and weakness in Argentina.” She added: “Corona sales crowned company results, helping deliver record revenues. “Although this shows that demand in other markets is still pumping and costs are being kept under control, there will be concerns about future growth if the slowdown in China takes hold,” she said.

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History of this topic

AB InBev reports higher-than-expected revenue in first quarter despite ongoing weakness in the US
10 months, 2 weeks ago

AB InBev reports higher-than-expected revenue in first quarter despite ongoing weakness in the US

Associated Press  

Anheuser-Busch InBev reported higher-than-expected revenue in the first quarter despite lower sales in the U.S. and China. Sales of Bud Light, the company’s longtime bestseller in the U.S., plunged last spring amid conservative backlash after the brand sent a commemorative can to transgender influencer Dylan Mulvaney. InBev CEO Michel Doukeris said Wednesday that U.S. beer volumes did improve from the …

AB InBev sales grow but Bud Light boycott continues to drag on US arm
10 months, 2 weeks ago

AB InBev sales grow but Bud Light boycott continues to drag on US arm

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Brewing giant AB InBev has …

Budweiser and Stella Artois brewer says sales growth driven by higher prices
1 year ago

Budweiser and Stella Artois brewer says sales growth driven by higher prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The maker of Budweiser and …

Beer maker Anheuser-Busch InBev reports better-than-expected Q4 earnings despite Bud Light backlash
1 year ago

Beer maker Anheuser-Busch InBev reports better-than-expected Q4 earnings despite Bud Light backlash

Associated Press  

FRANKFURT, Germany — Anheuser-Busch InBev — maker of Budweiser, Bud Light, Stella Artois and Corona — reported better-than-expected net income in the fourth quarter despite lower beer volumes. The Leuven, Belgium-based beverage company said Thursday that its fourth-quarter operating earnings, which exclude financial factors such as interest and taxes, rose 7% to $19.98 billion, or 82 cents per share. Bud …

Consumer backlash against Bud Light knocks AB InBev US sales
1 year, 7 months ago

Consumer backlash against Bud Light knocks AB InBev US sales

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Stella Artois and Budweiser maker …

AB Inbev brews up prospects in China
2 years ago

AB Inbev brews up prospects in China

China Daily  

Michel Doukeris, chief executive officer of Anheuser-Busch InBev, speaking in Beijing on Feb 24, 2023. The world's largest beer brewer is bullish about the prospects of Chinese consumption and the country's growing economy, and plans to accelerate its investments in China and focus on premium and diversified products, its top executive said during a visit to Beijing last week. Michel …

AB InBev’s Asia business jumps more than 4% in first day of Hong Kong trading
5 years, 5 months ago

AB InBev’s Asia business jumps more than 4% in first day of Hong Kong trading

CNN  

Hong Kong CNN Business — Shares in Anheuser-Busch InBev’s Asia business popped on theirmarket debutin Hong Kong on Monday. Budweiser APAC stock closed 4.4% higher at 28.2 Hong Kong dollars on its first day of trading in what was the second biggest public offering this year after Uber’s $8.1 billion IPO in May. The brewer of Budweiser, Beck’s and Stella …

Brewing giant AB InBev seeks to raise $9.8 bn for Asia unit in world's largest IPO this year; deal to be a welcome boost to Hong Kong
5 years, 8 months ago

Brewing giant AB InBev seeks to raise $9.8 bn for Asia unit in world's largest IPO this year; deal to be a welcome boost to Hong Kong

Firstpost  

AB InBev has previously said an IPO of its Asia business could help create a brewing champion for the region such as Budweiser or Corona. Hong Kong: Brewing giant Anheuser-Busch InBev NV is seeking to raise up to $9.8 billion from a Hong Kong listing of its Asia-Pacific business, marking what would be the world’s largest initial public offering this …

Budweiser IPO: AB InBev prepares its Asia business for biggest listing of the year
5 years, 8 months ago

Budweiser IPO: AB InBev prepares its Asia business for biggest listing of the year

CNN  

Hong Kong CNN Business — Anheuser-Busch InBev is hoping to raise as much as $9.8 billion when it lists its Asia business in Hong Kong in the biggest IPO of the year. Budweiser Brewing Company APAC, the largest brewer in Asia by retail sales, plans to offer 1.63 billion shares for between 40 and 47 Hong Kong dollars, according to …

AB InBev-SABMiller deal wins antitrust nod
8 years, 8 months ago

AB InBev-SABMiller deal wins antitrust nod

China Daily  

Anheuser-Busch InBev NV won US antitrust approval for its takeover of SABMiller Plc, after the maker of Budweiser agreed to give up ownership of the Miller brand and open the door to greater competition from craft beers. AB InBev will sell SABMiller's stake in MillerCoors LLC, separating the two brands, and refrain from practices that restrict distribution of smaller rival …

Brewer AB InBev sees slowest China growth in 25 years
9 years, 1 month ago

Brewer AB InBev sees slowest China growth in 25 years

China Daily  

An employee works at a production line of Anheuser-Busch InBev in Wuhan, Hubei province.ZHOU CHAO/CHINA DAILY Anheuser-Busch InBev, the world's largest brewer, has hiked its proposed dividend but forecasts challenges in major markets like China and Brazil, after fourth-quarter earnings came in below expectations. The maker of Budweiser, Corona and Stella Artois forecast improved volumes this year and brand mix …

Brewer AB InBev sees slowest China growth in 25 years
9 years, 1 month ago

Brewer AB InBev sees slowest China growth in 25 years

China Daily  

An employee works at a production line of Anheuser-Busch InBev in Wuhan, Hubei province.ZHOU CHAO/CHINA DAILY Anheuser-Busch InBev, the world's largest brewer, has hiked its proposed dividend but forecasts challenges in major markets like China and Brazil, after fourth-quarter earnings came in below expectations. The maker of Budweiser, Corona and Stella Artois forecast improved volumes this year and brand mix …

Budweiser maker finalizes $107 billion bid for SABMiller
9 years, 4 months ago

Budweiser maker finalizes $107 billion bid for SABMiller

The Hindu  

Budweiser maker Anheuser-Busch InBev says it has finalized the terms of a $107 billion takeover of SABMiller that will combine the planet’s two biggest brewers and create a company that makes almost a third of the beer consumed worldwide. AB InBev is seeking to bolster growth by acquiring SABMiller’s brands in Africa and Asia as changing tastes and craft beers …

Grolsch parent agrees to takeover in world's largest beer deal
9 years, 4 months ago

Grolsch parent agrees to takeover in world's largest beer deal

NL Times  

Beer giants Anheuser-Busch InBev and SABMiller have reached an agreement in which AB InBev will take over rival SABMiller in a 71 billion pound deal, converts to slightly more than 100 billion euros. This deal will combine the world's two largest beer makers into a company that will produce about 30 percent of the world's beer. If the merger goes …

The Biggest Beer Deal Ever Could Threaten Real Craft Brews
9 years, 5 months ago

The Biggest Beer Deal Ever Could Threaten Real Craft Brews

Wired  

It’s been a busy year for beer and things are coming to a head this week. After months of dickering, the world’s largest beer maker, Anheuser-Busch InBev, is buying the world's second-largest beer maker, SABMiller for about $104 billion. “The question really is: How does that impact the ability for a small brewer to get their hands on certain hops …

AB InBev seeks to buy SABMiller
9 years, 6 months ago

AB InBev seeks to buy SABMiller

The Hindu  

Anheuser-Busch InBev has approached rival SABMiller about a takeover that would form a brewing colossus which makes around a third of the beer consumed globally. A merged group would have a market value of about $275 billion, based on current prices, and would combine AB InBev's dominance of Latin America with SABMiller's strong presence in Africa, both fast-growing markets, as …

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