×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: APFN | EU | Belgium | Earns | AB Inbev

World's Largest Beer Maker Sees Sales Dip

Friday, 25 October 2019 06:37 AM EDT

BRUSSELS (AP) — The world's largest brewer, the maker of Budweiser and Corona, says the amount of beer it sold fell in the third quarter largely due to weaker demand as well as temporary shipping disruptions in China.

AB Inbev, a multinational based in Belgium, said sales of beer by volume fell 0.9%. Its overall revenue grew 2.7% to $13.2 billion as it managed to increase the profitability of some products.

The company noted consumers are looking for more sophisticated products, a trend that has hurt sales for some of its top brands in recent years.

While trying to develop more premium beers for wealthier consumers, it is also focusing on cheaper products in developing countries, where sales have been particularly good in Latin America.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The world's largest brewer, the maker of Budweiser and Corona, says the amount of beer it sold fell in the third quarter largely due to weaker demand as well as temporary shipping disruptions in China.AB Inbev, a multinational based in Belgium, said sales of beer by volume...
APFN,EU,Belgium,Earns,AB Inbev
124
2019-37-25
Friday, 25 October 2019 06:37 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved