Big week for AB took over a May 4 issue of INSIGHTS Express. Here’s headlines and top-lines from 1st of 2 issues published last Thursday, all somehow reflecting performance of #1 global and US brewer, Anheuser Busch InBev.
The Good, The Bad and the Ugly in AB’s Q1; Rev Per Bbl Up 2.2%, STRs Down 2.9%; Bud Light Off Mid-Singles (excerpts)
First, the good. AB’s first qtr results again showed that between continued trade up, pricing discipline and some front-line increases, AB can still capture solid revenue per bbl increases, up 2.2%. ... Then the bad: AB’s selling day adjusted sales-to-retailers softened further in 1st qtr. Down 2.9%.... Finally, the ugly: Bud Light dropoff steepened to mid-singles for 2d qtr in a row. Bud also off mid-singles. For last 6 mos, AB’s top 2 brands, over half its biz, down 4-6%....
Better ABI Global Results; EBITDA Jumped 5.8% to $4.8 Bil in Q1
ABI global beer volumes down 0.2% in 1st qtr, with “good growth” in China, Brazil and Mexico and “declines” in US, Colombia and South Africa....
ABI’s Stock Jumped, While Molson Coors Slumped
And Then There Were Ten; AB Buys Wicked Weed; “Storm of Social Media Criticism”
AB bought its 10th US craft brewer, Wicked Weed yesterday, subject to regulatory approval. Wicked Weed in Asheville, NC sold about 22,000 bbls last yr and expects to double this yr....
CBA Shipments +4% in Q1, tho Depletions Even; Pabst Deal Blows Up; Woodinville Brewery Will Close
Goin’ against very easy comp (-10% in Q1 2016), Craft Brew Alliance posted modest 6K-bbl, 4% shipments gain in Q1, while depletions even.... (recall, AB owns about a third of Craft Brew Alliance)