Financials & Economy
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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…
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Danone bounces back to profitable growth in H1, announces board revamp, share buyback program
FRANCE – French multinational dairy company Danone has bounced back to growth in the first half of 2021, reporting a 1.6% rise in consolidated sales…
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Starbucks raises full year guidance following impressive Q3 performance
USA – Starbucks, the world’s largest coffeehouse chain, is now expecting fiscal earnings per share to be in a range of US$2.97 to US$3.02, up…
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Nestlé raises full year guidance following strongest first half growth in a decade
SWITZERLAND – World’s largest food manufacturing company Nestlé is upbeat about the remainder of the year following an impressive run in the first half of 2021. In the…