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SABMiller is one of the world's leading brewers with more than 200 beer brands and some 70,000 employees in over 75 countries. We also have growing businesses in soft drinks and we are one of the world's largest bottlers of Coca-Cola products. More
Thursday, Nov 213:28 AMSABMiller net profit +8.5% but warns of forex headwind
Thursday, Nov 213:28 AM| Comment!
- SABMiller's (SBMRF) H1 net profit climbed 8.5% to $1.71B.
- Net producer revenue, which includes sales from joint ventures, increased to $13.79B from $13.67B, in line with market expectations.
- EBITA +4% to $3.27B.
- Organic EBITA +7% vs consensus of +6%.
- Gains in Africa, Latin America and Asia-Pacific helped to outweigh volume declines in Europe and North America.
- SABMiller warned that a strengthening dollar will hurt FY results.
- Shares +0.8% in London. (PR)
Friday, Nov 153:13 AMSABMiller Chairman takes further leave in battles against cancer
Friday, Nov 153:13 AM| Comment!
- SABMiller (SBMRY) Chairman Graham Mackay has taken another leave of absence due to a worsening of his health.
- Mackay had returned to work after being off for five months earlier this year following surgery for a brain tumor in April.
- SABMiller has appointed John Manser as acting Chairman to replace Mackay; Manser stood in for Mackay the first time around. (PR)
Wednesday, Nov 69:59 AMMolson Coors beats profit estimates on soft demand
Wednesday, Nov 69:59 AM| Comment!
- Molson Coors (TAP +1.4%) says consumer demand was weak across global markets for beer during Q3.
- The company's U.S. arm MillerCoors (JV w/SBMRY) reported a 1.9% drop in sales to retailers which comes amid higher commodity and brewery costs.
- Cost-cutting measures, lower interest expenses, and a favorable tax rate helped the brewer beat estimates on its bottom line.
Tuesday, Nov 57:03 AMSABMiller strikes deal with workers in South Africa|Tuesday, Nov 57:03 AM| Comment!
Monday, Oct 211:43 PMReport: Job layoffs at MillerCoors|Monday, Oct 211:43 PM| Comment!
Friday, Oct 1811:26 AMModelo Especial becoming a force in U.S. beer market
Friday, Oct 1811:26 AM| 1 Comment
- Crown Imports continues to be a force in the U.S. beer market with Corona Extra and Corona Light showing solid growth rates and Modelo Especial blazing up the volume rankings at a double-digit sales pace.
- The gains have been achieved without massive advertising campaigns as the Latino community has provided strong support.
- Execs with Crown want to grow Modelo Especial to more than 100M cases in the U.S. Watch out MillerCoors (SBMRY.PK, TAP) and Anheuser-Busch InBev (BUD +1.5%).
Thursday, Oct 1712:34 PMBeer stocks move higher after SABMiller gives reason for optimism
Thursday, Oct 1712:34 PM| 1 Comment
- A number of beer stocks are getting a lift out of solid report from SABMiller (SBMRY.PK) which beat estimates.
- The brewer showed some momentum in North America and Africa, while the sales growth slide in Europe decelerated.
- Advancers: Anheuser-Busch InBev (BUD) +1.8%, Molson Coors (TAP) +1.4%, Boston Beer (SAM) +2.8%, Craft Brew (BREW) +1.6%.
Thursday, Oct 173:45 AMSABMiller revenues rise 4%.
Thursday, Oct 173:45 AM| Comment!
- SABMiller (SBMRY.PK) H1 revenue +4%, total beverage volume +2%.
- "We achieved a strong performance across our African business and made good progress in building on our positions in Latin America, South Africa and the Asia-Pacific region," CEO Alan Clark says. "Trading conditions in Europe and North America saw a modest improvement."
- Strengthening U.S. dollar will hurt results.
- Shares +4.3% in London. (PR)
Wednesday, Sep 257:10 AMSABMiller is in a buying mood again|Wednesday, Sep 257:10 AM| Comment!
Friday, Sep 201:11 PMMillennials on the radar of beer industry heavyweights
Friday, Sep 201:11 PM| 1 Comment
- Those darn millennials are at it again. Beyond threatening to disrupt the Pay-TV market with their cord-cutting tendencies, now the group's preference toward craft beer is causing ripples in the beer industry.
- Recent tracking shows eight of the top ten beer brands in the U.S. lost market share at stores for the 52-week period ending on August 11.
- What to watch: Anheuser-Busch InBev (BUD -1.9%) and MillerCoors (SBMRY.PK, TAP) are getting hit the worst as their popular brands sour with the younger crowd. Look for new advertising campaign to go less macho and more creative.
Monday, Aug 511:03 AMConsumers getting tired of light beer mainstays
Monday, Aug 511:03 AM| 1 Comment
- Beer drinkers are getting more tired of the taste of light beers including well-known brands such as Bud Light (BUD) and Coors Light (SBMRY.PK, TAP), according to the results of a new survey by Consumer Edge.
- It's more bad news for an industry that has struggled making headway with volume gains as choices proliferate.
- Among alcohol drinkers, beer is the top choice by a single percentage over wine, whereas that gap was a healthy 20 points in 1992.
Friday, Jul 122:00 PMSABMiller (SBMRY.PK) criticizes a ruling by authorities in Mexico on sales exclusivity, saying the measure didn't go far off enough to open up competition. The brewer is desperate to break up the stranglehold that Anheuser-Busch InBev (BUD -1.4%) and Heineken (HINKY.PK) have on the retail beer sales in Mexico. |Friday, Jul 122:00 PM| 1 Comment
Friday, Jul 126:49 AMMexican regulators says Anheuser-Busch InBev (BUD) and Heineken (HINKY.PK) will have to cap exclusive distribution deals with smaller retailers in Mexico to 20% of total point-of-sales or face fines. The ruling could help SABMiller (SBMRY.PK) with the pair of dominant brewers accounting for an estimated 98% of all beer sales in Mexico. |Friday, Jul 126:49 AM| Comment!
Friday, Jul 511:20 AMAfter SABMiller (SBMRY.PK) missed out on a major acquisition in Mexico, the brewing company hopes regulators in the nation will bail it out. Sometime in the next week a ruling from Mexico's Federal Competition Commission will set out if contracts that Heineken (HINKY.PK) and Anheuser-Busch InBev (BUD) have with stores and retailers restrict competition. A positive decision could provide SABMiller a quick fix to slipping market share in the region. |Friday, Jul 511:20 AM| Comment!
Friday, Jun 288:38 AMGlobal beer companies might find lucrative long-term growth opportunities in Africa, according to fresh analysis from Bernstein Research. The firm concludes brewers with operations already up and running have a clear advantage over new entrants. Right now - SABMiller (SBMRY.PK), Heineken (HINKY.PK), and Diageo (DEO) have the edge while Anheuser-Busch InBev (BUD) and Carlsberg face high barriers to entry if they want to make a late charge. |Friday, Jun 288:38 AM| Comment!
Sunday, Jun 233:26 PMUnduly long waits for metal at warehouses monitored by the London Metal Exchange have occasioned a backlash from members of the Beer Institute in Washington including MillerCoors (SBMRY.PK) and Anheuser-Busch InBev (BUD). The culprit: Restrictive load-out practices which "create bottlenecks" in the supply chain and keep brewers from obtaining aluminum at "fair-market prices," the Institute says. Bloomberg cites Harbor Intelligence in noting that the "premium buyers pay to obtain aluminum in the U.S. climbed to a record $0.12-0.13/pound this week. |Sunday, Jun 233:26 PM| Comment!