Hurricanes blow sales off course for world's top brewer
Hurricanes in the US slowed third-quarter sales for Anheuser-Busch InBev
Brussels - AFP
Hurricanes in the US slowed sales for Anheuser-Busch InBev, which makes Budweiser, Corona and Stella Artois beers, but the world's number one brewer still reported higher profits in its third quarter results on Thursday.
The Belgium-based giant, which completed a mega-takeover of rival SABMiller a year ago, said that despite major hurricanes in Texas and Florida battering US sales, it still expected a "strong finish" to the year.
Total shipment volumes declined 1.2 percent worldwide compared with the same quarter last year, led by a 6.1 percent decline in the United States, where hurricanes Harvey and Irma caused huge disruption to transport and distribution networks.
But profits were still up, at $2.58 billion (2.19 billion euros), almost double the $1.36 billion reported for the same period in 2016.
The company said the integration with SABMiller "continues to progress well, with synergies and cost savings of $336 million" during the third quarter.
But AB InBev shares made heavy weather on the Belgian stock exchange, shedding 2.23 percent to 100.75 euros.
- Sunday ,02 December GMT 14:02 2018 RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fund
- Wednesday ,21 November GMT 07:59 2018 Merkel policies in focus in final debate on draft German budget
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soon
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 21:13 2016 Sunday ,25 September
as Aspiring Stars of Science Candidates Unveil Ideas on MBC4
GMT 00:18 2017 Friday ,27 October
Pentagon chief to visit Demilitarized Zone
GMT 05:34 2018 Friday ,12 January
Powerful growth in Germany fuels calls to share the wealth
GMT 04:49 2017 Tuesday ,17 October
Kerry calls Iranian, Saudi FM to urge calm
GMT 22:42 2017 Saturday ,07 January
Pope: Religious tourism to boost as Egypt ‘sacred country’ in Christianity
GMT 14:17 2018 Wednesday ,03 January
Merkel resumes talks to end political stalemate
GMT 00:03 2017 Sunday ,10 September
At least 18 nationalities among Barcelona attack victims
GMT 09:42 2017 Monday ,11 December
Solaf Fawakherji happy for joining “Hotline”
GMT 22:18 2017 Sunday ,18 June
Another stage of Turtle Conservation project in Oman completed
GMT 17:17 2017 Monday ,11 September
Suicide bomber attacks foreign military convoy in Afghanistan
GMT 12:35 2017 Friday ,10 February
Senior Daesh commander killed in operation
GMT 16:38 2017 Wednesday ,25 October
Mystery ancient stone structures found in Saudi desert
GMT 10:36 2017 Thursday ,13 April
Coppola, Haneke, Haynes films in lineup for Cannes
GMT 15:52 2017 Friday ,06 October
Sidem reveals plan to improve education
GMT 04:31 2017 Friday ,10 November
France’s Macron condemns Houthi missile launch at Riyadh
GMT 15:28 2017 Wednesday ,08 November
One year on, artists show breadth of Leonard Cohen life
GMT 00:33 2017 Friday ,24 November
Booming life for 'PUBG' death-match computer game
GMT 17:31 2017 Friday ,24 November
George Wasoof will not participate in programs
GMT 20:35 2017 Wednesday ,15 March
Renault's entire management implicated in pollution test fraud
GMT 05:50 2017 Tuesday ,21 November
France to attract more Pakistani youth for studying in French universities
GMT 08:16 2018 Thursday ,29 November
10 killed, 19 wounded in Taliban attack in Kabul
GMT 12:54 2018 Friday ,16 November
California wildfires: Number of missing leaps to 631
GMT 11:18 2018 Saturday ,22 September
US artificially whips up tension around North Korea sanctions
GMT 15:11 2018 Tuesday ,18 September
Burberry revamps under new designer Riccardo Tisci
GMT 05:51 2018 Sunday ,21 January
China says US warship 'violated' its sovereignty
GMT 06:15 2015 Monday ,28 September
Market exchange rates in China
GMT 13:54 2017 Thursday ,12 October
HM King hails results achieved by THIS IS BAHRAIN
GMT 15:13 2017 Thursday ,11 May
Syrian Kurdish YPG sees bigger role after US. arms move
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor