About this episode
The episode reviews the first quarter results of global beer companies and pays tribute to a longtime contributor.
This week, we review the pleasantly robust results from global beer companies during the first quarter of 2026. More importantly, we bid adieu to a dear friend and longtime contributor, Francois Sonneville. For those wanting to thank Francois for years of fantastic industry coverage, please reach out: FSonneville@yahoo.co.uk . We discuss individual company results at the following timestamps: Heineken (7:32) : Results are stable heading into a leadership transition. AB InBev (15:44) : Revenue, volumes, and EBITDA are all well ahead of expectations. RTDs, Michelob, and Busch are filling the gap left by Bud Light. Constellation Brands (24:20) : Business is stabilizing following a tough year in 2025. Royal Unibrew (32:22) : Despite strong results from a highly diversified business, the headline was the loss of the PepsiCo business in Denmark, Finland, and the Baltic states, which account for nearly one-sixth of company revenue. Carlsberg (38:40) : Both volume and revenues grew, with strong performance in the UK as the integration of Britvic goes forward. The headline is the switch from Coca-Cola to PepsiCo in Denmark and Finland and taking on the Baltic states from Royal Unibrew…
Topics covered
- beer industry
- financial results
- company performance
- market trends
- leadership changes
Keywords
- beer
- financial results
- Heineken
- AB InBev
- Constellation Brands
- Royal Unibrew
- Carlsberg
- Molson Coors
Mentioned in this episode
Organizations: Heineken, AB InBev, Constellation Brands, Royal Unibrew, Carlsberg, Molson Coors
Places: Denmark, Finland, Baltic states
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