Economy

AB InBev bolstered by 3 global brands

AB InBev bolstered by 3 global brands

In terms of earnings per share, 3 analysts have a 0.90 EPS mean target for the quarter ending Mar-17, for the quarter ending Jun-17, 3 analysts have a 1.15 EPS mean target and for the quarter ending Jun-17 there are 8 estimates of 4.75 EPS. In the US alone, AB InBev said sales to retailers declined 2% in its 2016 fiscal year, and 2.7% in the fourth quarter - both figures that trailed the overall beer industry.

Earnings per share fell to 0.72 cents from 5.05 cents in 2015. The revenue per hectoliter grew 3.9 percent due to the lower costs and the sale of more premium beer, while the total beer volume fell 3.3 percent.

The company, which paid almost $100 billion to take over its nearest rival SABMiller a year ago, reported its first decline in annual core profit (EBITDA), its key earnings measure, since InBev was founded by the merger of Belgium's Interbrew and Brazil's AmBev in 2004. Still, it expects to grow revenue year-over-year through a combination of global grand growth and new commercial plans. We now have operations in virtually every major beer market. By marketing our brands through a largely complementary distribution network, we will provide more choices for more consumers around the world. We saw strong performances in other key markets, including double-digit top-line growth in Mexico, as well as gains in overall preference for our brands. Beer sales also declined in North America and Europe. Meanwhile, the USA continued to gain traction and FY16 saw EBITDA growth of 2.2%.

Iraqi forces push deeper into west Mosul
Also Saturday, a Kurdish journalist working for the Rudaw news organization, Shifa Gerdi, was killed covering the Mosul operation. Meanwhile, aid agencies are preparing for the possibility that up to 250,000 people might flee Mosul in the coming days or weeks.

The beer giant increased savings expected from its $100 billion-plus merger with SABMiller to at least $2.8 billion, compared with $2.45 billion previously, the Wall Street Journal reported.

SAB had managed to reduce costs by $547m as at March 31, and another $282m was found from then until the end of last year, meaning AB InBev has $2bn to find - something it has pledged to do in the next three to four years.


  • Been there, done that: A short history of NASA's moon missions

    Been there, done that: A short history of NASA's moon missions

    According to CNN , he said " Next year is going to be a big year for carrying people to the space station and hopefully beyond ". Then it hopes to launch another Crew Dragon mission, this time with NASA astronauts aboard, in the second quarter of 2018.
    Arizona Cardinals franchise Chandler Jones

    Arizona Cardinals franchise Chandler Jones

    The tender will likely be used as a bridge in an attempt to negotiate a long-term deal while keeping Jones off of the open market. The 27-year-old Jones was a 2015 Pro Bowl selection and won Super Bowl XLIX with New England. "The one and only".
    Ranieri did not lose Leicester dressing room, insists Shakespeare

    Ranieri did not lose Leicester dressing room, insists Shakespeare

    Ranieri's dismissal comes just nine months after guiding the unfashionable English club to a first Premier League title. I know how important financially the Premier League is, Leicester aren't the only team losing matches.
  • At Least 180 Companies Already Want To Help Trump Build The Wall

    At Least 180 Companies Already Want To Help Trump Build The Wall

    The businessman added it is unclear what other companies might participate or what demand would exist for the wall's cement. That said, Trump insists he will make Mexico pay for the construction, something the Mexican government says won't happen.

    Federal prosecutors question NYC mayor over fundraising

    He used to be on the advisory board of the Mayor's Fund to Advance New York but is now is no longer serving on it. A spokesman for the mayor did not immediately respond to questions on Friday morning.
    Iraqi forces enter western Mosul, take airport from Islamic State militants

    Iraqi forces enter western Mosul, take airport from Islamic State militants

    Commanders say they will soon complete the recapture of two other residential districts, Al Tayyaran and Jawsaq. Al-Maturi also said his forces arrested two militants - an Iraqi and a foreigner who speaks Russian.
  • China Peace Talks? Top Chinese Diplomat To Visit US Monday

    China Peace Talks? Top Chinese Diplomat To Visit US Monday

    Yang's visit comes at time when ties between China and the USA have been hit by several issues like the South China Sea and Taiwan.
    Lorde teases new music with mysterious video teaser

    Lorde teases new music with mysterious video teaser

    The ad finished with the messages "2.3.17 NYC" and "3.3.17 NZ" which may indicate the date the 20-year-old drops her second album. Lorde's much-anticipated new era about to begin? It now reads "i hope the next is joyful, and i hope never to return".
    Donald Trump's approval ratings tank, with just 44% in support

    Donald Trump's approval ratings tank, with just 44% in support

    And a similar amount-53%-said that the media's coverage has exaggerated any problems within the Trump government. Twenty-seven percent said they get their news from Fox News and 23 percent said they get it from CNN .
  • Dear Christians, what favourite thing are you giving up for Lent?

    Dear Christians, what favourite thing are you giving up for Lent?

    Pancake Tuesday, the day before Ash Wednesday, is often a day of eating up ahead of the period of fasting. Traditionally Lent was a time of fasting and prayer. "We can not even imagine how much God loves us".
    Amazon Web Services outage leads to massive Internet issues

    Amazon Web Services outage leads to massive Internet issues

    Amazon Web Services is scrambling to recover from an issue at its Virginia server facility that is causing its S3 storage to fail. Simply check #s3outage on Twitter and you'll see some great Tweets from people trying to make lemonade out of some sour "lemons".
    Dutch woman, 99, 'arrested' as part of bucket list

    Dutch woman, 99, 'arrested' as part of bucket list

    Known only as Annie, the pensioner looked delighted as she was handcuffed and detained by police in the Netherlands. That's Annie living her best life, even at 99.