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Carlsberg Beats Quarterly Expectations, Raises Guidance

Danish brewer Carlsberg has raised its full-year earnings guidance after reporting second-quarter sales above expectations, but warned that sever...

Heineken Doubles Profits In First Half, But Sees Costs Rising

Heineken expects the COVID-19 pandemic to weigh on key Asian markets for the rest of the year, while rising costs are also set to dent margins at the Dutch...

Diageo Sees Net Sales Up 8.3%, Boosted By Bars Reopening

Spirits group Diageo has reported a 8.3% increase in reported net sales in the full year to 30 June, to £12.7 billion (€14.93 billion), boosted...

Rémy Cointreau Sees Operating Profit Up 12.8% In Full-Year

French spirits group Rémy Cointreau has reported a 12.8% increase in organic operating profit in full-year 2020/21, beating analyst estimates, with...

Rémy Cointreau Looks To Full-Year Profit Gain After Strong Fourth Quarter

Spirits maker Rémy Cointreau said it is anticipating organic growth of around 10% in operating profit in the 2020/21 fiscal year, after strong deman...

Brewer Mahou San Miguel Sees Turnover, Net Profit Decline In 2020

Spanish brewer Mahou San Miguel has reported a 10.5% decline in turnover in full-year 2020, to €1.25 billion, while EBITDA fell by close to half (43.7...

No- And Low-Alcohol Consumption To Increase By A Third By 2024, Study Finds

Total volumes in the no- and low-alcohol drinks segment are forecasted to grow by just under a third (31%) in the period to 2024, a new study by IWSR Drink...

Beverage Firms Likely To See 'Significant Profit Improvement' In 2021: Moody's

A new report from Moody's has said that leading beverage firms are likely to see a 'significant profit improvement' this year, after 'unprecedented decline...