AB InBev surpasses pre-pandemic sales

29 July, 2021

AB InBev increased volume sales by 20.8% in Q2 as bars around the world started to welcome thirsty customers back into the fold.

Total revenue increased by 27.6% to $13.54 billion, beating consensus analyst estimates of $13.22 billion.

However, the soaring price of raw materials and the impact of foreign exchange meant that the Stella Artois, Budweiser and Corona reported a lower-than-expected increase in profits,

Adjusted EBITDA was up 31% in the three months to June 30, while analysts were expecting 41.6%.

Yet there were plenty of reasons to be cheerful for the world’s largest brewer. Companies increasingly measure their performance against 2019 – pre-pandemic trading conditions – and AB InBev saw top-line growth of 3.2% compared to Q2 2019. That is encouraging when you consider that the industry is still significantly impacted by the Covid-19 pandemic.

The brewer expects EBITDA to increase by between 8% and 12% for FY21.





Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.

Instagram

Facebook