1156 ET - Anheuser-Busch InBev and MolsonCoors delivered sales figures for 1Q that missed the forecasts of analysts polled by FactSet. Budweiser brewer Anheuser-Busch said volumes were down 2.2% while Molson Coors, the brewer of Miller and Coors, notched a 14% decline. The U.S. alcohol industry has been squeezed by secular declines, particularly for the beer category. But AB InBev said it gained or maintained share in 60% of its markets, and that the latest quarter's volume decline was driven by calendar-related factors such as the shift in timing of the Easter holiday. Its shares rose 2%. Molson Coors meanwhile said its decline was driven by fewer shipments and cut its sales guidance for the year. Its shares fell 3.3%. (dean.seal@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 11:56 ET (15:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.