Budweiser at the IGA grocery store in Montreal, Quebec, Canada on Tuesday, February 4, 2025.
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The world’s largest winemaker AB INB. Despite the decline in sales, Wednesday’s sales exceeded expectations for fourth-quarter sales.
Brands of these beverage makers include Budweiser, Corona and Stella Artois, reported revenue growth of 3.4% to $14.84 billion in the fourth quarter, while LSEG analyst forecasts fell 2.9%, to $14.05 billion.
Full-year sales rose 2.7% to $59.77 billion, while analysts projected performance of $59.3 billion.
Total sales fell 1.9% in the quarter and 1.4% in the full year, the company mainly attributed to weak demand in China and Argentina.
Compared with its non-beer brands, the demand for group beer products, such as its cocktail products Cutwater Spirits and Brutal Fruit Spritzer, has been lowered by the decline in demand for group beer products.
Nevertheless, the company said it is confident that it will continue to resilience in global beer demand.
Looking ahead, it says it is targeting earnings for interest, tax, depreciation and amortization (EBITDA) growth in 2025, which is in line with the company’s medium-term outlook between 4% and 8%.
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