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[New Crown Pneumonia] Negative Impact of Budweiser Epidemic Extends to Second Season

2020-02-27T06:18:07.462Z


Budweiser Asia Pacific (1876) recorded a low single-digit decline in sales last year. Due to weak nightlife channels, overall market share fell by approximately 50 basis points. The company pointed out that in the Chinese market, the e-commerce business recorded a strong double


Financial news

Written by: Zhai Ziqian

2020-02-27 14:06

Last updated: 2020-02-27 14:07

Budweiser Asia Pacific (1876) recorded a low single-digit decline in sales last year. Due to weak nightlife channels, overall market share fell by approximately 50 basis points.

The company pointed out that in the Chinese market, the e-commerce business recorded strong double-digit sales growth; in the Korean market, the weak industry dragged down sales, but the market share of the retail channel continued to increase, while the market share of the restaurant channel decreased.

Anheuser-Busch Asia-Pacific Co-Chairman and CEO Jan Craps said that although the impact of the new coronavirus pneumonia epidemic is gradually returning to normal in some Chinese cities, the nightlife has not returned to normal, resulting in quiet dining and consumption activities; On the contrary, strong growth in e-commerce channel sales offset the decline in some nightlife and dining consumption.

Yang Ke revealed that more than half of the wineries in China have been reopened, except Wuhan. He expected the impact of the epidemic to continue into the second quarter, and also pointed out that the group's current goal is to expand its market share in existing markets and invest more in other markets such as Southeast Asia to stimulate natural growth.

Budweiser Asia Pacific appoints CEO Yang Ke as co-chairman with effect from yesterday

Budweiser Asia Pacific earns 6% less, pays dividends of 2.63 cents, stock price drops nearly 3%

Budweiser Asia Pacific cut target price to 31 yuan, maintain "outperform" rating

Budweiser Asia Pacific Wuhan Pneumonia Company Performance

Source: hk1

All news articles on 2020-02-27

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