ABInbev and SABMIller Results
Sales-to-retailers in the US fell 4.0 per cent for Anheuser-Busch InBev, and the world’s largest brewer posted a 7.2 per cent decline in net profit globally for its third quarter due to asset sales last year.
The company sold several units last year to finance its acquisition of Anheuser-Busch. The sold assets no longer contribute to this year’s profits and growth.
SABMiller and Molson Coors Brewing Co., the second-largest brewer in the United States, said its third-quarter net income rose 37 percent on Wednesday as higher beer prices and cost savings helped offset soft volumes in the U.S. beer market.
Net sales increased 0.3 percent to $2.016 billion.
Last month, SABMiller reported a 1 percent rise in its April-September half year global underlying beer volumes while in the U.S. sales to retailers at MillerCoors fell 3.2 percent in the six months.
