Despite Volume Decline In U.S., AB InBev Records 7% H1 Revenue GrowthJuly 31, 2014
Anheuser-Busch InBev (ABI) has reported a second-quarter volume decline in the U.S., with sales-to-wholesalers falling 3.4% to 28.9 million hectoliters—due to “planned inventory adjustments”—and revenue down 1.9% to $3.6 billion on the same period last year. For the first half of 2014, ABI’s U.S. volume declined 0.8% to around 56 million hectoliters, while revenue rose by 0.9% to $7.08 billion, with U.S. sales growth driven in part by its Michelob Ultra and Ritas labels. ABI plans to expand its Ritas franchise with Apple-Ahh-Rita, slated to launch in the third quarter. Globally, ABI fared better, with solid volume gains across Mexico, northern Latin America and Asia Pacific contributing to overall company revenue growth of 5% to $12.2 billion and 6.8% to $22.8 billion for the group’s second quarter and first half, respectively.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.