AB InBev Posts U.S. Volume Down 1.8% For First Nine MonthsOctober 31, 2014
Anheuser-Busch InBev posted global revenue growth of 5.3% to $35 billion for the first nine months of its fiscal year, ended in September, as normalized EBITDA rose 6.9% to $13.5 billion. Volumes were up by 0.8% organically to 346 million hectoliters through the first nine months, despite falling by 2.6% in the third quarter. In the U.S., the beer giant’s sales to retailers were down 1.8% to 86 million hectoliters for the nine-month period—against a U.S. beer market estimated to be down 0.8%—while company revenue slipped 0.3% to $10.8 billion.
AB InBev said Bud Light made “good progress” in stemming its market share losses during the fourth quarter, although the brand’s sales to retailers were still down 2% in the third quarter. Meanwhile, the company’s Michelob Ultra label delivered solid share gains, as did its upscale brand portfolio, which includes Stella Artois. Recently launched Mexican brew Montejo is off to a good start in the U.S., AB InBev added, after launching in California, Texas, Arizona and New Mexico in September.
Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.