Beverages
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Molson Coors Q2 net sales revenues rise 17.4% as plans to discontinue 11 economy brands take shape
US – Molson Coors, a leading brewing and drink company, has reported a 17.4% rise in net sale revenue for Q2 ending June 30th , as aggressive…
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Diageo reports 16% organic growth in full year revenues driven by sales rebound in North America
UK – British multinational alcoholic beverage company Diageo has recorded an 8.3% increase in full-year net sales, driven by the reopening of bars and restaurants in…
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South Africa’s alcohol bans impacted not only booze sales but also consumer behavior
SOUTH AFRICA – Further assessing the impact of South Africa’s latest liquor ban, a new NielsenIQ report has equated the loss to R7.6 billion (US$520m)…
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South Africa’s beer major SAB reports double digit growths in both sales, profit despite alcohol bans
SOUTH AFRICA – Despite the multiple COVID-19 related alcohol ban, South African Breweries (SAB) realised strong consumer demand for its brands when alcohol trade was…
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AB InBev’s sales exceed pre-pandemic levels, but inflation eats into Q2 profits
BELGIUM – World’s largest brewing company Anheuser-Busch InBev has reported top-line growth of 3.2% in quarter 2 2021, ahead of the same quarter in 2019. The brewer of…