Business USA

First increase in beer sales in the U.S. in three years

BRUSSELS (Reuters) – On Monday Anheuser-Busch InBev reported a first increase in beer sales in the U.S. in three years, while saying that higher wages in Brazil there was likely to encourage consumption.

The volumes delivered by the world’s largest brewer and have established 93.18 million hectoliters in the first quarter against 32.8 million expected by analysts polled by Reuters.

However, the gross operating profit (EBITDA) to $ 3.55 billion (2.68 billion euros) came out in the period to a level slightly below the consensus, which was 3.58 billion.

AB InBev, which owns the brands Budweiser, Stella Artois, Beck’s still, however, added that its outlook for the whole of 2012 remained “essentially unchanged”.

Among its rivals, Dutch brewer Heineken , the biggest seller in Europe, sold more beer than expected in the first three months of 2012 and persuaded consumers to switch to premium brands.

And SABMiller reported a 3 percent rise in beer volumes in the January-March period as growth in emerging markets offset declines in Europe and North America.

Carlsberg reports first-quarter earnings on May 9. SABMiller reports full-year earnings to the end of March on May 24, with its U.S. joint venture MillerCoors providing a trading update on May 8.

(Reporting By Philip Blenkinsop; editing by Rex Merrifield and Hans-Juergen Peters)

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS