Beer

Carlsberg Narrows 2023 Profit Guidance After Raising Beer Prices

Danish brewer Carlsberg has reported first-quarter sales above expectations and narrowed its profit expectation for the full year as it managed to increase...

Heineken Says First Quarter Beer Sales Were Weaker Than Expected

Heineken has reported a steeper than expected decline in first-quarter beer sales, with weaker volumes in all regions except the Americas, but maintained i...

Corona Beer Maker Constellation Sees 2024 Profit Above Estimates On Price Hikes

Constellation Brands forecast full-year profit above Wall Street estimates on Thursday, benefiting from price increases aimed at combating elevated costs a...

Diageo Closes Partial Tender Offer For Shares In East African Breweries

Spirits giant Diageo has announced that it has completed the partial tender offer to increase its aggregate equity stake in East African Breweries from the...

Carlsberg Denies Report It Sold Russian Breweries To Turkey's Anadolu

Danish brewer Carlsberg has denied a media report that said the company had agreed to sell its Russian business to Turkish rival Anadolu Efes.

Budweiser APAC Bets On Post-COVID China Thirst For Premium Beer

Budweiser Brewing Co APAC, Asia's largest beer company by sales, said that it plans to expand into more Chinese cities with its premium products as it sees...

AB InBev Beats Profit Expectations Despite Selling Less Beer In Q4

Anheuser-Busch InBev, the world's largest brewer, expanded its profit by slightly more than expected in the fourth-quarter despite selling less beer, notab...

Scotland’s Proposed Blanket Ban On Alcohol Advertising And Promotion Meets Resistance

The Scottish Government’s proposals for a blanket ban on alcohol advertising and promotion has been slammed by a number of UK trade associations repr...