Capital, Earnings & M&A
Budweiser China's Revenue and Profit Both Decline as High-End Market Faces Siege from Three Giants
On February 25, beer giant Anheuser-Busch InBev (AB InBev) released its 2020 annual results, showing total revenue of $46.881 billion, down 10.4% year-on-year, and net profit of $1.405 billion, down 84.68%. Budweiser APAC also reported a 12.4% revenue decline to $5.588 billion, with China's market recovering in Q3 and Q4 but facing intense competition in the high-end segment from Tsingtao, Snow, and Carlsberg.
陈思廷 陈峰