It wasn’t pretty, but it was better than expected for three global brewers who posted third quarter earnings last week.
AB InBev reported 4% revenue growth in the third quarter, far better than the 4.2% drop predicted by analysts while Heineken’s organic volume sales fell 1.8% in the third quarter. Carlsberg was hit the hardest by the global pandemic with overall revenues down 6.8% over the previous year.
Details here at The Drinks Business