Anheuser-Busch InBev and Carlsberg are facing challenges due to weak quarterly results

By: Trademagazin Date: 2024. 11. 01. 11:21

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The world’s top brewers, Anheuser-Busch InBev (AB InBev) and Carlsberg, reported weak third-quarter results that fell short of expectations. Soft consumer demand, especially in China, has had a significant impact on sales, and companies are now considering changes in strategy to adapt to the changed market environment, Reuters reported.

AB InBev, the world’s largest beer maker, reported lower-than-expected third-quarter profit and revenue. The weaker results sent the company’s shares down nearly 4%, although the company announced a $2 billion share buyback program and raised its full-year forecast. The biggest challenges came from China, where both the volume sold and the income showed a double-digit decrease. AB InBev’s management pointed to declining consumer demand as the main reason, stressing that the turnover of Chinese bars and restaurants was particularly weak.

Carlsberg also faced similar difficulties, as the international economic environment and the weakness of the Chinese market had a significant impact on its performance. The two beer industry giants are currently planning to rethink their strategies in order to respond more flexibly to changes in the market and changes in consumer habits.

The low-key results highlight that significant changes are taking place in the global beer industry, and that it is essential for market players to adapt to the constantly evolving economic environment.