Organic net sales down 2% due to volume/mix declines in response to higher pricing in the US and to a lesser extent lower pricing in Canada Further impairments of goodwill (453 USDm) and intangible assets (224 USDm) Strategy presentation will be in early May and not in March. No guidance or outlook for 2020 has …
Continue reading “Kraft Heinz can pay down its $29B debt and maintain its $2B dividend”
AB InBev ($BUD, $ABI.BR) issued a press release on their Q4 earnings on February 27th. The company has maintained its dividend while continuing to deleverage. Accounting for the proceeds expected to be received from the divestment of the Australian operations (while excluding the last 12 months EBITDA from the Australian operations), the net debt to …
Continue reading “AB InBev continues to deleverage and offers value”
Constellation Brands issued a press release on its third quarter earnings before the opening bell with the following highlights. Generates reported basis EPS of $1.85 and comparable basis EPS of $2.14, including Canopy Growth equity losses of $0.25; excluding Canopy Growth equity losses, achieved comparable basis EPS of $2.39 Generates $2.1 billion of operating cash …
Continue reading “Constellation Brands raises forecast and takes further Canopy impairment charges”
AB InBev issued a press release on their quarterly results before the market opened. The two most important headlines of the quarter were probably the listing of Budweiser APAC on the HKEx and implementation of price increases in South Korea and Brazil that drove volume declines. Whereas revenue and revenue per hectolitre were up, volume …
Continue reading “AB InBev increases prices in South Korea and Brazil and sees volume decline”