Three Global Brewers Fare Better Than Expected in 3Q Earnings Reports
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
