Key Takeaways AB InBev is expected to post 2% y/y revenue growth but a 1% earnings decline in 3Q25.Pricing actions, premium brands and digital expansion likely supported BUD's top line.Volume weakness, inflation and macro headwinds in China and Brazil are likely to have slowed growth.Anheuser-Busch InBev SA/NV (BUD) , also known as AB InBev, is slated to release third-quarter 2025 earnings on Oct. 30, before the opening bell. The leading alcohol beverage company is likely to register year-over-year top-line ...

Anheuser-Busch InBev is reintroducing the Bud beer brand to the German market to celebrate the brand's 150th anniversary next year. The Belgium-headquartered company said the return of Anheuser-Busch Bud to Germany comes at a time when international lager beers are among the “fastest-growing segments" in the country and have “experienced significant growth in recent years”. The beer will initially be sold exclusively in Rewe stores and will be introduced in other retail outlets as well as bars throughout ...

"中国始终是我们极为重要的市场，也是我们在亚洲最大的市场。我们对中国的未来充满信心，并坚持长期投资。上海是一座极具吸引力的旅游城 市，城市管理高效、基础设施完善，支持大型国际活动的落地。未来，我们将持续在上海投资，引入更多创新产品和令人期待的活动。" 0:00 百威集团全球首席执行官邓明潇日前接受《国际金融报》专访，带着对上海这座城市的深刻理解，分享了他对上海城市魅力、中国夜间经济潜力以及 百威集团战略的见解，并透露由百威集团牵线引入的全球顶级电子音乐节——比利时"明日世界"将于11月首度登陆上海。"我们愿意将'电子音乐节'等世界 级活动带到上海，吸引全球目光，助力上海成为全球游客心目中更具魅力的旅游目的地"。 作为集团全球首席执行官，邓明潇经常满世界出差，也是一位曾在上海生活近7年的"老朋友"。他与记者分享："世界上所有成功的国际大都市都有一 个共同点：它们具备吸引游客的能力。为此，城市需要拥有活跃的餐饮与娱乐生态，需要经营良好的酒吧与餐厅，能够承办大型文化、体育或音乐盛事， 需要完善的娱乐设施。旅游业的社交属性与夜间经济密不可分，而上海恰恰具备这样的特质。" 百威集团为何看重夜间经济，它对一座现代化大都市 ...

本报讯 （记者李春莲）在近日刚刚落幕的第37次上海市市长国际企业家咨询会议（以下简称"IBLAC"）上，百威集团全球 首席执行官邓明潇（Michel Doukeris）第四次受邀参会，并与上海市领导就夜间经济发展等议题进行了深入交流，展现了百威 集团深度参与上海国际化都市建设、践行"在中国、为中国"长期承诺的决心。 会谈中，邓明潇介绍了百威集团在沪业务布局与未来发展规划，并就城市转型升级、消费趋势演变、夜间经济发展等议题 提出建设性意见，同时提出一套融合全球视野与本土实践的系统性方案，致力于推动上海打造具有国际影响力的夜经济示范标 杆。 夜间经济的活跃程度，是衡量城市现代化水平和活力的重要标尺。作为国际化大都市和对外开放枢纽，上海在中国夜间经 济发展中始终走在前列，发挥着引领作用。邓明潇指出，上海与百威集团在推动夜间经济发展上目标一致。百威集团将更好地 发挥自身优势，通过加大标志性IP的引入和国际经验分享，为夜间经济发展建言献策，助力上海国际消费中心城市建设。 （编辑 张昕） 据悉，作为2023年IBLAC的重要成果之一，由百威集团引入的比利时"明日世界"电子音乐节，将于2025年11月首度登陆上 海，并以亚 ...

近日，百威集团全球首席执行官邓明潇（Michel Doukeris）接受新华社记者专访时，结合城市观察与百威集团在华实践，分享了对中国消费市 场升级与品牌创新的思考，就中国夜间经济生态、城市活力及百威集团在华战略布局展开对话，表达了持续投资中国、共创未来的信心。 夜间经济：城市活力的"夜间引擎" THE MAGIC TOMORI KOWLAND CHR 球 电 音 至 高 HF 邓明潇表示，上海是百威中国区总部及研发创新中心所在地，600余名员工在此推动产品与商业模式创新。未来，百威集团将持续加强品牌建 设，通过推广百威集团多元化产品线，满足中国消费者对品质的需求；通过生态合作，与经销商、零售商共建活力市场，确保消费者享受优质 产品与品牌服务。邓明潇坚定地说："中国不仅是重要市场，更是百威集团全球战略的关键支点。我们将坚持投资创新，贴近本土需求，与合 作伙伴共同成长。" （推广） INS I HERO 2025.11.22-23 中国 · 上海 夜间经济是全球城市消费的重要场景。"对于像上海这样的大城市而言，夜间经济是日常生活的重要组成部分。"邓明潇认为，夜间经济不只是 餐饮、娱乐的简单叠加，更是城市文化、科 ...

Core Insights - AB InBev has enhanced its competitive position through a focus on premiumization and innovation, achieving a 6.5% year-over-year increase in EBITDA in Q2 2025 despite volume pressures in key markets like Brazil and China [2][6] - The company's strategy emphasizes value-driven growth, leveraging high-margin brands and consumer insights to shift towards products that offer pricing power and brand loyalty [2][3] Premiumization Strategy - AB InBev's global portfolio includes megabrands such as Corona, Budweiser, Stella Artois, and Michelob Ultra, which are central to its premiumization strategy [3] - The company owns eight of the world's ten most valuable beer brands, with Corona's revenues growing by 7.7% outside of Mexico, and Michelob Ultra and Stella Artois rising in global rankings [3] Innovation and Product Development - Innovation is a key growth driver, with successful launches like Michelob Ultra Zero and Busch Light Apple, catering to health-conscious and younger consumers [4] - The focus on developing no- and low-alcohol options broadens appeal across various consumption occasions [4] Digital Transformation - AB InBev is enhancing its competitiveness through digital transformation, with platforms like BEES achieving a 63% year-over-year increase in gross merchandise value, reaching $785 million [5] - Direct-to-consumer digital platforms generated $134 million in revenues, improving operational efficiency and enabling data-driven decision-making [5] Future Outlook - The premiumization and innovation strategies position AB InBev well for sustained market leadership, adapting to long-term consumer shifts and economic dynamics [6] - Despite short-term volume softness in regions like Brazil and China, the company's focus on value creation and premium growth is expected to maintain its competitive edge [6] Stock Performance - AB InBev's shares have declined by 12.1% over the past three months, underperforming the industry and broader Consumer Staples sector [7] - The stock trades at a forward P/E ratio of 14.63X, higher than the industry average of 13.65X, indicating that investors may be anticipating stronger growth prospects [10]

龚正说，面向未来，上海的目标非常明确，就是按照习近平主席和中央政府对上海发展的战略定 位，到2035年基本建成具有世界影响力的社会主义现代化国际大都市。未来五年，是实现这一宏伟目标 的关键时期。上海将始终秉承"开放、创新、包容"的城市品格，以开放拥抱全球，以创新追求卓越，以 包容共谋发展，奋力开创发展新局面。要聚力加快"五个中心"建设，强化"五个中心"核心功能，深 化"五个中心"联动发展，持续提升城市能级和核心竞争力。聚力培育发展新质生产力，增强科技创新能 力，促进产业转型升级，打造高水平人才高地，点燃高质量发展澎湃引擎。聚力实施高水平改革开放， 稳步扩大制度型开放，深入推进长三角一体化发展，持续深化营商环境改革，充分激发城市发展活力。 聚力推进现代化人民城市建设，打造宜居安居的品质生活，打造绿色低碳的美丽上海，打造便捷高效的 智慧城市，打造安全可靠的韧性城市，提高城市治理现代化水平。期待聆听各位成员和嘉宾的真知灼 见，帮助我们开阔视野、拓宽思路，谋划好面向2030年的发展战略。热忱欢迎更多国际企业来沪投资兴 业，与上海这座梦想之城携手并进、共享机遇、共赢未来。 会上，瑞士洛桑国际管理学院教授马克·格瑞文、华 ...

前言 夜宵摊的冰镇啤酒碰杯声里，藏着中国40年的消费变迁。 曾经1块5一瓶的"解暑水"，如今动辄卖出数十元，百威、青岛的高端产品甚至突破千元单价。 而且很多酒蒙子可能也发觉，现在的啤酒越来越贵不说，酒味更是越来越淡。 那现在国产啤酒究竟为何会变成这样？中国啤酒为啥干不过美国百威？ 百威入华 1995年，带着百年酿造史的美国百威在武汉落下关键一子，斥资1.7亿美元建立啤酒工厂，还以5000多 万美元收购当地中德啤酒有限公司80%股权，正式吹响进军中国市场的号角。 彼时的中国啤酒市场堪称"诸侯割据"，全国有超过800个啤酒品牌，小到县城都有自己的酒厂，但产品 品质参差不齐，大多缺乏标准化生产能力。 百威的破局之道藏在"本土化适配"里，它精准捕捉到当时中国人偏爱清爽口感的特点，将啤酒苦度降至 低位，推出淡爽型产品。 为控制成本并强化清爽口感，百威采用大米替代部分麦芽作为酿造原料，这一工艺不仅降低了原料成 本，还延长了产品保质期，让啤酒得以铺向全国街巷。 配合1块5一瓶的亲民定价，百威迅速占领武汉高档啤酒市场半壁江山，随后又通过赞助奥运会、世界杯 等国际赛事扩大品牌影响力。 面对百威的冲击，国产啤酒被迫跟风，青岛、雪 ...

Core Insights - Anheuser-Busch InBev SA/NV is a global leader in the brewing industry with a portfolio of over 500 beer brands, including Budweiser, Corona, and Stella Artois [1] - The company has shown resilience in the market, with a stock gain of approximately 0.95% over the past 30 days, despite a minor decline of about 0.32% in the last 10 days [2][6] - BUD has a projected growth potential of 24.31%, with analysts setting a target price of $74, indicating it is currently undervalued [3][6] - The financial health of BUD is strong, reflected by a Piotroski Score of 8 out of 9, indicating efficient operations and sound management practices [4][6] - Overall, BUD presents a compelling investment opportunity due to its solid financial foundation, significant growth potential, and recent performance trends [5]

Core Insights - American liquor exports experienced a 9% decline in the second quarter due to trade tensions affecting major markets [1] - The most significant drop was observed in Canada, where exports plummeted by 85%, despite the lifting of retaliatory tariffs [2] - Shipments to the UK and Japan also saw declines of over 23% each, while sales to the EU dropped by 12% [2][3] - These regions collectively account for 70% of the US liquor export market [3] - The whiskey sector is particularly impacted, with distillers facing record high inventories that have tripled since 2012, while domestic sales are stagnating [4] - The industry is calling for adjustments to trade policies to eliminate trade barriers, emphasizing the need for a zero-for-zero tariff environment [3] Industry Performance - The performance of the sector will be further evaluated with the upcoming earnings report from Constellation Brands [5]