Core Insights - The stock of Carlsberg has remained flat since the previous article was published, despite experiencing a 35% share increase at one point [1] Group 1: Company Overview - Carlsberg is highlighted as a focus for investment opportunities in the European small-cap space, emphasizing a mix of dividend and growth stocks [1] - The investment group European Small Cap Ideas, led by The Investment Doctor, provides exclusive research on appealing Europe-focused investment opportunities [1] Group 2: Investment Strategy - The investment strategy includes two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, aimed at capital gains and dividend income [1] - Weekly updates and educational content are provided to enhance understanding of European investment opportunities [1]

Financial Data and Key Metrics Changes - The company reported stronger-than-expected beer operating margins in Q3, despite volume declines, attributed to cost savings initiatives and favorable pricing actions [8][9] - The depreciation benefit seen in Q3 is expected to turn into a headwind in Q4 as additional assets come online [9][31] - The company maintained its full-year guidance, indicating modest beer operating margins in Q4 due to seasonality and other headwinds [7][12] Business Line Data and Key Metrics Changes - The beer portfolio experienced mid-single-digit distribution growth in the quarter, with significant gains in brands like Pacifico and Victoria [25][26] - The company continues to invest in capacity expansion, planning for an additional 7 million hectoliters by fiscal 2028, with a focus on managing capital expenditures [16][17] Market Data and Key Metrics Changes - The company noted that 75% of Hispanic consumers are concerned about the socioeconomic environment, impacting their spending patterns [26] - The beer category remains challenged, particularly among Hispanic consumers, but the company is focusing on distribution and brand health to navigate these challenges [26][37] Company Strategy and Development Direction - The company aims to enhance distribution capabilities across the U.S., leveraging strong brand performance to gain shelf space [25][26] - Continued emphasis on brands like Pacifico, which has shown significant growth and engagement, is part of the strategy to strengthen the portfolio [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the beer business plateauing, with potential recovery driven by upcoming events like the World Cup [37][38] - The macroeconomic environment has worsened since previous guidance, which will be reflected in future planning [12] Other Important Information - The company is adjusting pricing strategies for brands like Modelo Oro and Corona Premier to align with consumer expectations, which has resulted in improved trends for these products [46][47] - The company is monitoring the cannabis market developments but does not currently engage in the cannabis business [54] Q&A Session Summary Question: Insights on beer operating margins - Management highlighted that Q3 margins were impacted by volume declines, tariffs, and logistics, but offset by cost savings and favorable pricing [8][9] Question: Long-term beer margin expectations - Management indicated that guidance for FY 27 and beyond will be provided in April, considering the current macroeconomic conditions [12] Question: Distribution growth and shelf space - Management remains optimistic about distribution growth, noting significant gains in states and the potential for further expansion [25][26] Question: Impact of World Cup on sales - Management expects the World Cup to drive beer occasions, particularly among Hispanic consumers, and plans to leverage promotional activities around the event [57][58] Question: Pricing environment and adjustments - Management anticipates continued pricing adjustments in response to market conditions, with a focus on meeting consumer needs [46][47]

南方财经1月7日电，口子窖(603589.SH)发布2025年度业绩预告，预计归属于上市公司股东的净利润为 6.62亿元至8.28亿元，同比减少50%到60%。扣除非经常性损益后的净利润为6.45亿元至8.11亿元，同比 减少49.65%至59.93%。主要系报告期内白酒行业市场分化与渠道变革加剧，叠加需求下行及政策变化 影响，核心利润来源高端窖产品销量大幅下滑，导致营业收入减少，同时为保证公司运营及市场持续投 入，管理费用、销售费用下降幅度均小于营业收入下降幅度致利润总额下降幅度较大。 ...

A Kenyan beer distribution firm has filed a case at Kenya's High Court seeking to block Diageo's $2.3 billion sale of its local subsidiary EABL to Japan's Asahi Holdings over pending litigation, a law... ...

长江商报消息●长江商报记者 沈右荣 1月5日晚，重庆啤酒披露，公司与参股公司重庆嘉威啤酒有限公司（以下简称"嘉威"）之间的合同纠 纷，在法院调解下，得以结案。公司方向嘉威一次性支付截至2025年底的全部量价差结算款1亿元（不 含税），并对2026年至2028年的产品包销方面的合作方式进行约定。 此次诉讼由嘉威啤酒在2023年发起，近年来，双方因包销协议的履行细节而产生争议。 重庆啤酒称，此次调解完成，公司拟将此前计提的预计负债2.54亿元冲回，拟计提一次性支付的量价差 结算款等负债约2.17亿元。此番会计处理，预计将增加2025年归母净利润1907.96万元。 近年来，重庆啤酒"卖不动"。2024年，公司销售费用25.13亿元，但当年的营业收入为146.45亿元，同比 下降1.15%。2025年前三季度，公司营业收入及归母净利润同比双降。 卸下历史包袱后，重庆啤酒该如何破局？ 多年包销纠纷达成和解 重庆啤酒的包销纠纷终于了结。 重庆啤酒（600132.SH）长达18年的包销纠纷终于经法院调解得以化解。 增长乏力归母净利连续下降 重庆啤酒业绩增长乏力，急需突围。 嘉威是重庆啤酒的参股公司，双方于2007年签署《 ...

Anheuser-Busch InBev , will invest $30 million in its U.S. brewery as part of its strategy to create and sustain manufacturing jobs in the country, the world's top brewer said on Tuesday. ...

Continue Reading Anheuser-Busch Jacksonville Brewery JACKSONVILLE, Fla., Jan. 6, 2026 /PRNewswire/ -- Anheuser-Busch (NYSE: BUD), a leading American manufacturer and maker of Michelob ULTRA, Busch Light, Budweiser, Bud Light, Cutwater Spirits and NÜTRL Vodka Seltzer, today announced a $30 million investment in its Jacksonville, FL Brewery and Can Plant. The investment will go toward upgrading brewing and packaging equipment to fuel increased production of Michelob ULTRA, America's #1 top-selling and fastest ...

One-day pop-up declares less hustle and more hops, inviting folks to slow down and discover why the brewery’s 30 Minute Light IPA is the perfect beer for resolution season Dogfish Head's 30 Minute Light IPA Brewed using Dogfish Head’s signature off-centered approach, 30 Minute Light IPA is continually hopped for a full 30 minutes to deliver a beer that’s less bitter, more aromatic, and easier drinking than other IPAs. Not to mention, it’s got all the character of a world-class IPA with only a fraction of ...

Core Viewpoint - The beer giant has agreed to repurchase a minority stake in its U.S.-based metal container plants, enhancing its supply security [1] Group 1 - The repurchase involves taking back the company's share of the facilities [1] - This strategic move is aimed at boosting supply security for the company [1]

重庆啤酒公告称，公司与参股公司嘉威的合同纠纷二审达成调解，2025年12月31日签订《调解协议》并 领取调解书。一审曾判公司向嘉威支付3.53亿元，调解后公司或子公司将一次性支付嘉威截至2025年底 量价差结算款1亿元（不含税），并就2026 - 2028年合作及嘉威分红等事宜约定。会计处理预计冲回预 计负债2.54亿元，计提负债2.17亿元，增加2025年度利润总额3710.55万元、归母净利润1907.96万元。 ...