格隆汇7月31日｜比利时啤酒巨头百威英博股价下跌10%，其二季度销量增长未达预期。 ...

智通财经7月31日电，比利时啤酒巨头百威英博股价下跌10%，其二季度销量增长未达预期。 ...

Core Viewpoint - Anheuser-Busch InBev SA/NV (AB InBev) is expected to report year-over-year earnings growth for Q2 2025, despite a slight decline in revenues compared to the previous year [1][2]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for AB InBev's quarterly revenues is $15.3 billion, reflecting a 0.01% decline from the same quarter last year [2]. - The consensus estimate for earnings per share (EPS) is 94 cents, indicating a 4.4% increase year-over-year [2][9]. - The earnings estimate has decreased by 2.1% over the past 30 days [2]. Recent Performance - In the last reported quarter, AB InBev's EPS exceeded the Zacks Consensus Estimate by 5.2%, with a trailing four-quarter average earnings surprise of 10.9% [3]. Factors Influencing Q2 Results - The company's results are anticipated to benefit from strategic measures such as pricing actions, premiumization, and revenue management initiatives [4]. - Strong consumer demand for AB InBev's brand portfolio is expected to contribute positively to sales performance [4]. - The focus on premium beer offerings aligns with consumer preferences, and the expansion of the Beyond Beer portfolio is also expected to aid performance [5]. Cost and Economic Challenges - Elevated costs from commodity inflation, supply-chain expenses, and investments for long-term growth are anticipated to impact results negatively [6]. - A challenging macroeconomic environment, particularly weak consumer demand in China and Argentina, poses additional concerns [6]. - Currency and interest rate fluctuations are likely to have further affected quarterly performance [6]. Earnings Prediction - The model predicts an earnings beat for AB InBev, supported by a positive Earnings ESP of +0.37% and a Zacks Rank of 3 [7]. Valuation and Stock Performance - AB InBev's forward 12-month price-to-earnings ratio stands at 16.46X, compared to a five-year high of 23.71X and the industry average of 15.05X [8]. - Year-to-date, AB InBev shares have increased by 33.6%, significantly outperforming the industry's growth of 1.5% [11].

Group 1 - The total revenue of the companies on the Fortune Global 500 list is approximately $41.7 trillion, which is over one-third of the global GDP, representing a growth of about 1.8% compared to last year [1] - The minimum sales revenue required to be listed increased from $32.1 billion to $32.2 billion [1] - The total net profit of the listed companies grew by approximately 0.4% year-on-year to about $2.98 trillion [1] Group 2 - In the food and beverage sector, the list of companies remains unchanged, but many did not continue the significant ranking improvements seen last year [3] - PepsiCo and Coca-Cola are exceptions, showing resilience in a challenging environment [3] Group 3 - In the "Food: Consumer Products" sub-list, the companies listed are Nestlé, PepsiCo, and Mondelez International, with PepsiCo being the only company to see an increase in ranking and growth in both revenue and profit [5] - Nestlé's revenue increased by 0.2% to $103.7495 billion, while its profit decreased by 0.9% to $12.361 billion [6] - PepsiCo's revenue grew by 0.4% to $91.854 billion, and profit increased by 5.6% to $9.578 billion [9] Group 4 - Mondelez International's ranking dropped by 14 places to 436, with revenue growth of 1.2% to $36.441 billion, but profit decreased by 7% to $4.611 billion [9] - Mars, Inc. is not listed but has a significant revenue of $54.6 billion, which would place it at 267th if it were included [11] Group 5 - In the "Beverages" sub-list, Coca-Cola had the highest revenue growth of 2.9% to $47.061 billion [13] - Anheuser-Busch InBev and Fomento Económico Mexicano maintained stable revenue and rankings, while Heineken's revenue decreased by 1.8% [15] Group 6 - In the "Food: Food Service" sub-list, Compass Group improved its ranking by 28 places to 370, with a revenue increase of 10.5% to $42.002 billion [17] - Starbucks' ranking fell by 23 places to 441, with a slight revenue increase of 0.6% to $36.176 billion [17] Group 7 - In the "Food Production" sub-list, ADM remains at the top despite a drop of 26 places to 143, with revenue of $85.530 billion [22] - JBS and Wilmar International follow, with JBS rising 9 places to 167 [23] Group 8 - China Resources ranked 67th with a revenue of $129.624 billion, up 5 places [26] - COFCO Group ranked 133rd with a revenue of $88.26 billion, down 27 places [28] Group 9 - Walmart remains the largest company globally for the twelfth consecutive year, with a revenue increase of 5.1% to $680.985 billion and a profit increase of 25.3% to $19.436 billion [30] - Saudi Aramco leads in profit with approximately $105 billion, despite a year-on-year decline of about 13% [32] Group 10 - A total of 130 Chinese companies made the list, with 49 improving their rankings and 68 declining [34] - Pinduoduo saw the most significant ranking increase among Chinese companies, rising 176 places to 266 [34]

Group 1 - The European Commission has proposed a retaliatory tariff list against U.S. goods valued at €72 billion (approximately $84 billion), including Boeing aircraft, automobiles, bourbon whiskey, and various industrial and agricultural products [1] - The proposed tariffs are a response to U.S. President Trump's threat to raise tariffs on EU goods to 30% starting August 1, which could significantly impact transatlantic trade relations [1] - The tariff list focuses on industrial products, with over €65 billion in value, including nearly €11 billion in aircraft-related products, over €9.4 billion in machinery, €8 billion in automobiles, and €6 billion in agricultural products [1] Group 2 - Affected automotive manufacturers include major U.S. and European companies such as General Motors, Ford, Stellantis, Tesla, Volkswagen, and Toyota, with concerns that tariffs will increase costs, reduce sales, and potentially lead to layoffs [2] - The automotive industry is one of the most severely impacted sectors, with European manufacturers like Volkswagen and BMW facing potential losses in sales amounting to billions of euros due to tariffs [2] - The scale and scope of the tariff measures highlight the escalation of trade tensions between the U.S. and EU, with the EU emphasizing compliance with World Trade Organization rules while warning of the deep economic impacts of a tit-for-tat tariff war [2] Group 3 - The World Trade Organization (WTO) has warned that U.S. tariff policies may lead to a decline in global trade volumes, negatively affecting the global economy [3] - WTO Director-General Iweala stated that U.S. tariff policies violate core WTO principles and are detrimental to the global economy [3]

Core Points - The 15th Yanji Budweiser Beer Food Festival and the 2nd E-commerce Cultural Festival will commence on July 11 at 18:00 [1] - The event will run from July 11 to July 27, daily from 18:00 to 21:30 [7] Event Layout - The festival features five distinct areas: Beer Food Festival Area, Auto Exhibition Area, Folk Cultural Experience Area, Coffee Culture Leisure Area, and E-commerce Cultural Festival Area [7] - The Beer Food Festival Area will include a 2,100 square meter beer pavilion with a stage and dining area, accommodating 1,000 people [7] - The Auto Exhibition Area will showcase products from six companies, including Audi and Volkswagen, in a 340 square meter space [7] - The Folk Cultural Experience Area will display local cultural products and heritage, covering approximately 400 square meters [7] - The Coffee Culture Leisure Area will provide a public space of 1,000 square meters for outdoor relaxation and coffee culture experiences [7] - The E-commerce Cultural Festival Area will include various interactive spaces for AI e-commerce and live streaming [7] Participating Enterprises - A total of 26 enterprises have been selected to participate in the food and e-commerce areas, offering a variety of food options including barbecue, seafood, and local specialties [8] - Daily cultural performances, themed days, and food competitions will be organized throughout the festival [8]

Core Insights - The article compares two major players in the alcoholic beverage market: Anheuser-Busch InBev (AB InBev) and The Boston Beer Company (SAM), highlighting their distinct business models and growth strategies in a rapidly changing consumer landscape [1][2]. AB InBev (BUD) - AB InBev maintains a dominant position in the global brewing industry with a diverse portfolio of over 500 brands across more than 150 countries, leveraging scale and local market agility [3]. - In Q1 2025, BUD reported revenues of $13.6 billion, a decrease of 6.3% year-over-year, but achieved organic revenue growth of 1.5%, driven by premiumization and disciplined revenue management [4]. - The company's megabrands, including Budweiser, Stella Artois, and Corona, saw a revenue increase of 4.4%, with strong performance from the Corona brand [5]. - BUD's Beyond Beer portfolio experienced a 16.6% revenue rise in Q1 2025, supported by growth in brands like Cutwater and Nütrl [6]. - The company is focused on higher-margin products and innovative offerings, aiming for year-over-year EBITDA growth of 4-8% in 2025 [7]. - BUD's stock performance over the past three months showed a total return of 13.9%, outperforming the S&P 500's return of 5.9% [18]. - Valuation-wise, BUD trades at a forward P/E multiple of 18.75X, which is below SAM's 19.98X, indicating a comparatively cheaper valuation with strong growth potential [20][21]. Boston Beer Company (SAM) - Boston Beer has established itself as a prominent U.S. craft brewer, focusing on quality and innovation while diversifying its product lineup beyond traditional beer [8][9]. - In Q1 2025, SAM's net revenues increased by 6.5%, with a shipment volume of 1.7 million barrels, although depletions fell by 1% year-over-year [12]. - The company faces challenges with its flagship Samuel Adams brand, which has struggled to maintain appeal among younger consumers, prompting a strategic growth plan focused on brand strengthening and cost-saving initiatives [10][11]. - SAM's diversification strategy includes expanding its Beyond Beer portfolio, but it is also dealing with tariff impacts estimated to reduce earnings per share by $1.25-$1.90 in 2025 [13]. - SAM's stock has seen a decline of 11.4% over the past three months, contrasting with BUD's performance [18]. - The Zacks Consensus Estimate for SAM indicates a year-over-year sales rise of 2.1% for 2025, but a decline in EPS by 3% [14]. Conclusion - AB InBev is positioned as the stronger investment case due to its solid stock performance, attractive valuation, and clear growth trajectory, while Boston Beer, despite its long-term promise, faces significant challenges [23][24].

Core Insights - Anheuser-Busch InBev (AB InBev) announced a $17 million investment in its Houston brewery as part of its Brewing Futures program, which includes a total commitment of $300 million for facility investments across the U.S. by 2025 [1][9] - The investment aims to enhance brewing excellence and improve transportation capabilities, ensuring efficient product delivery throughout Texas, building on over $50 million already invested in the Houston site in the past three years [2][4] - AB InBev's Brewing Futures initiative focuses on creating a sustainable workforce, supporting job creation, and advancing opportunities for veterans in the manufacturing sector [3] Investment and Economic Impact - The Houston brewery has been a key operational hub for nearly 60 years, with AB InBev and its distributor partners investing over $2.3 billion in capital projects in Texas to date [4] - The company employs nearly 1,000 individuals across four facilities in Texas, significantly contributing to the local economy and the American brewing industry [4] - Nationally, AB InBev operates over 100 facilities and employs 65,000 Americans, having invested nearly $2 billion in facility upgrades over the past five years [5] Growth Strategy - AB InBev is experiencing strong revenue momentum driven by consumer demand for its diverse brand portfolio and strategic pricing initiatives [7] - The company is focusing on expanding its premium and super-premium beer offerings, with brands like Corona and Stella Artois performing well internationally [8] - AB InBev is also diversifying into new categories such as ready-to-drink beverages and hard seltzers, while enhancing its digital platforms for better customer engagement [10]

Core Insights - The article emphasizes the importance of conducting personal in-depth research and due diligence before making investment decisions, highlighting the inherent risks involved in trading [3]. Group 1 - The analysis is intended solely for informational purposes and should not be interpreted as professional investment advice [3]. - There is a clear disclaimer regarding the lack of any stock, option, or derivative positions in the companies mentioned, indicating a neutral stance [2]. - The article expresses the author's personal opinions and does not reflect the views of Seeking Alpha as a whole [4].

Constellation Brands (STZ -1.34%) and Anheuser-Busch InBev (BUD 0.01%) both sell alcohol. The former produces beer, wine, and spirits, and the latter is the world's largest brewer by volume. Typically, alcohol companies do well in good and bad times. Of course, these remain uncertain times, particularly given economic policies such as tariffs. That makes it challenging to figure out how consumers will react. Still, investors should concentrate on the long term. Which of these two alcoholic beverage companie ...